'We are not a workshop company taking pride in repairing old equipment to see that it somehow runs, but an E&P company focused only and only on discovering and producing more and more oil and gas by using and deploying the best and the latest of the technologies and the expertise available globally anywhere for achieving that.’
Subir Raha who was once credited for transforming India’s vital most oil and gas exploration company from near deathbed to emerge most valued Indian conglomerate at the bourses expounded this iconic mantra for its line manager while addressing a gathering celebrating a jubilee anniversary of one most popular oil rig in offshore which had performed stupendously but had otherwise reached on edges of outliving its design life:
This was in year 2004. The rig was Sagar Samrat.
Subir Raha was C&MD of ONGC from 2001-2006.