Lok Sabha Question No. 4986 (UNSTARRED), answered on 2018-03-26
Subject: Development of Golfinho Atum Natural Gas Field
Ministry: PETROLEUM AND NATURAL GAS
Asked by: RAM CHARITRA, M. CHANDRAKASI

## LOK SABHA UNSTARRED QUESTION NO. 4986 TO BE ANSWERED ON 26 th  March, 2018

## DEVELOPMENT OF GOLFINHO ATUM NATURAL GAS FIELD

4986. SHRI RAM CHARITRA NISHAD : SHRI M. CHANDRAKASI :

Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

- (a)  whether  ONGC  Videsh  Limited  (OVL)  has  obtained  the  approval  of  the Government  of  Mozambique  for  the  development  plan  for  the  Golfinho  Atum natural  gas  field  in  the  area  1  block  in  the  Rovuma  Offshore  Basin  of Mozambique and if so, the details thereof along with the time by which the work at the said gas fields is likely to be started;
- (b) the details of  overseas  possessions/acquisitions of Oil  and  Natural  Gas Commission  Limited  (ONGC)  and  its  subsidiary  OVL  as  on  date,  country/oil fields-wise;
- (c)  the  details  regarding  mandates/  rights  obtained  by  OVL/ONGC  in  foreign countries for oil exploration/oil refining and retail marketing etc.; and
- (d)  the financial performance of OVL during the last three years?

## ANSWER

MINISTER OF  PETROLEUM  AND NATURAL GAS (SHRI  DHARMENDRA PRADHAN)

- (a):    In  February  2018,  the  Council  of  Ministers  of  Mozambique  has  accorded approval  for  the  development  plan  for  Golfinho-Atum  natural  gas  field  in  the Area  1  block  located  in  the  Rovuma  Offshore  Basin  of  Mozambique.    In  this regard, the implementation milestones have been worked out by the operator.
- (b) & (c):  ONGC Videsh Limited (OVL) has stake in 40 oil and gas projects in 19 countries.  The details of overseas possessions/acquisitions of OVL, including their Participating Interest, are at Annexure-I.   OVL does not have investments in retail marketing overseas.
- (d): The details of financial performance of OVL during the last three years are as follows :

(In Rs

| Crore)          | Crore)   | Crore)    | Crore)   |
|-----------------|----------|-----------|----------|
| Years           | 2014-15  | 2015-16   | 2016-17  |
| Profit / (Loss) | 1904.22  | (3632.53) | 700.99   |

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## Annexure-I

## Details of overseas possessions / acquisitions of OVL

## OVERSEAS PROJECTS/ASSESTS

|   S. No. | Country    | Name of the Project                                 | Share of ONGC Videsh   |
|----------|------------|-----------------------------------------------------|------------------------|
|        1 | Vietnam    | Block 128, Offshore                                 | 100%                   |
|        1 | Vietnam    | Block 06.1                                          | 45%                    |
|        2 | Russia     | Sakhalin-I                                          | 20%                    |
|        2 | Russia     | Imperial Energy                                     | 100%                   |
|        2 | Russia     | Vankorneft                                          | 26%                    |
|        3 | Myanmar    | Block B-2,                                          | 97%                    |
|        3 | Myanmar    | Block EP-3, Myanmar                                 | 97%                    |
|        3 | Myanmar    | Block A1                                            | 17%                    |
|        3 | Myanmar    | Block A3                                            | 17%                    |
|        3 | Myanmar    | Pipeco-1                                            | 17%                    |
|        3 | Myanmar    | Pipeco-2                                            | 8.347%                 |
|        4 | Mozambique | Rovuma Area-1                                       | 10%                    |
|        5 | Libya      | Contract Area 43                                    | 100%                   |
|        6 | Colombia   | Mansarovar Energy Colombia Limited (MECL), Colombia | 25-50%                 |
|        6 | Colombia   | Block RC-9, Colombia                                | 50%                    |
|        6 | Colombia   | Block RC-10, Colombia                               | 50%                    |
|        6 | Colombia   | Block LLA-69, Colombia                              | 50%                    |
|        6 | Colombia   | Block GUA OFF 2                                     | 100%                   |
|        6 | Colombia   | CPO-5, Colombia                                     | 70%                    |
|        6 | Colombia   | SSJN7, Colombia                                     | 50%                    |
|        7 | Venezuela  | San Cristobal Project,                              | 40%                    |
|        7 | Venezuela  | Carabobo-1 Project, Venezuela                       | 11%                    |
|        8 | Kazakhstan | Satpayev Project, Kazakhstan                        | 25 %,                  |
|        9 | Azerbaijan | ACG, Azerbaijan                                     | 2.31%                  |
|        9 | Azerbaijan | BTC pipeline                                        | 2.36%                  |

|   S. No. | Country     | Name of the Project    | Share of ONGC Videsh                        |
|----------|-------------|------------------------|---------------------------------------------|
|       10 | Bangladesh  | Block SS4, Bangladesh  | 45%                                         |
|       10 | Bangladesh  | Block SS9, Bangladesh  | 45%                                         |
|       11 | New Zealand | Block- 14TAR-R1,       | 100%                                        |
|       12 | Brazil      | Block BC-10            | 27%                                         |
|       12 | Brazil      | BM-SEAL-4              | 25%                                         |
|       13 | Sudan       | GNPOC                  | 25%                                         |
|       13 | Sudan       | Sudan Pipeline         | 90%                                         |
|       14 | South Sudan | GPOC                   | 25%                                         |
|       14 | South Sudan | SPOC (Block 5A)        | 24.125%                                     |
|       15 | Syria       | AFPC                   | 16.67-18.75% By ONGBV (a subsidiary of OVL) |
|       15 | Syria       | Block - 24             | 60%                                         |
|       16 | Iraq        | Block-8                | 100%                                        |
|       17 | Iran        | Farsi Offshore Block   | 40%                                         |
|       18 | Namibia     | PEL 0037               | 30%                                         |
|       19 | UAE         | Lower Zakum Concession | 4%                                          |

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