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ONGC is undertaking various steps to increase production

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The Government has introduced various policies for increasing production of oil and natural gas

Government has also provided functional freedom to National Oil Companies and has encouraged wider private sector participation

Delhi, Mar 29

The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Rajya Sabha on Monday informed that the ONGC’s standalone crude oil  and natural gas production over the last five years is given as under:-

 

Year Crude Oil Production

(Million Metric Tonnes)

Natural Gas Production

(Billion Cubic Metre)

2016-17 22.249 22.088
2017-18 22.305 23.484
2018-19 21.111 24.747
2019-20 20.714 23.853
2020-21 20.273 22.096

 

The decline in production of crude oil in recent years has been due to natural decline and increase in water cut in wells of matured fields. ONGC is undertaking various steps to increase the production by redevelopment of existing matured fields and development of new/marginal fields. These inter alia include  development of discoveries in Krishna Godavari Basin, monetization of discoveries  in Nomination/New Exploration Licensing Policy (NELP) blocks, integrated development of fields, production enhancement contract in small fields, up-gradation/replacement of surface facilities etc. Un-viable small/marginal fields are developed through cluster development concept. Further, Improved Oil Recovery and Enhanced Oil Recovery technologies are inducted for enhancing recovery factor of matured fields.

The Government has introduced various policies for increasing production of oil and natural gas under Production Sharing Contract (PSC) regime, Discovered Small Field Policy, Hydrocarbon Exploration and Licensing Policy, etc. Government has also provided functional freedom to National Oil Companies and has encouraged wider private sector participation by streamlining approval processes including electronic single window mechanism.

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