Oil, gas output from ONGC, OIL below target: Govt

Oil, gas output from ONGC, OIL below target: Govt

Missing target since last three years

Oil, gas output from ONGC, OIL below target: Govt

Crude oil and natural gas production from Oil India (OIL) and ONGC have consistently been below the target in the past three years, the government on Monday informed the Lok Sabha.

Aging fields, frequent bandhs and blockades, and contractual issues, among others are the reasons for this fall.

While the ONGC targeted to produce 22.732 MT of crude oil in 2015-16, it actually produced only 22.368 MT. In two previous years too, the production was lower than the target, Petroleum Minister Dharamendra Pradhan said in a written reply.

Similarly, he said, OIL targeted to produce 3.595 MT of crude oil in 2015-16, but could produce only 3.226 MT. In 2013-14 and 2014-15 too, the crude oil production by OIL declined.

The production of natural gas was targeted at 23.908 MT from ONGC fields, but the company could produce only 21.177 MT. OIL aimed at producing 3.001 MT of natural gas, but could reach a level of only 2.838 in 2015-16. In the past two years, natural gas production from the two firms declined too, he said.

“Most of the oil and gas producing fields of ONGC and OIL are mature and at natural declining phase. In order to arrest the natural decline of these fields, ONGC and OIL have taken various action for augmenting/maintaining crude oil and natural gas production,” Pradhan said.

He said, delay in completion of development and redevelopment of projects have also been the reason for lower production of gas and crude oil.

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