Lok Sabha Question No. 3014 (UNSTARRED), answered on 2021-03-15
Subject: Contribution of ONGC
Ministry: PETROLEUM AND NATURAL GAS
Asked by: Arvind Ganpat Sawant, Gajanan Chandrakant Kirtikar, Gautham Sigamani Pon, Ganesan Selvam, C.N. Annadurai, Dhanush M Kumar

## LOK SABHA UNSTARRED QUESTION NO. 3014 TO BE ANSWERED ON 15 TH  MARCH 2021

## Contribution of ONGC

3014. SHRI ARVIND GANPAT SAWANT:

SHRI GAJANAN KIRTIKAR:

SHRI GAUTHAM SIGAMANI PON:

SHRI SELVAM G.:

SHRI C.N. ANNADURAI:

SHRI DHANUSH M. KUMAR:

## पेोलयम और ाक ृ तक गैस मंी

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

- (a) the contribution of Oil and Natural Gas Corporation Limited (ONGC) in oil exploration in the country since its inception along with status of ONGC in terms of profit at present;
- (b) whether crude oil production by ONGC has helped the country in reducing oil import and  if  so,  the  quantum  of  crude  oil  produced  by  ONGC  during  each  of  the  last  three years;
- (c)  whether  the  Government  has  taken  effective  steps  to  increase  the  crude  oil production of ONGC to cut down the import bill and foreign exchange expenditure and if so, the details thereof; and

(d)  the  details  of  the  number  of  projects  undertaken  and  completed  by  ONGC in  other countries during the last three years and the current year along with the total amount of profit earned by ONGC through the said projects?

## ANSWER

## पेोलयम और ाक ृ तक गैस मंालय म मंी ) धान धम ी ( MINISTER IN THE MINISTRY OF PETROLEUM & NATURAL GAS

## (SHRI DHARMENDRA PRADHAN)

(a) Since inception ONGC has acquired 10,81,144 Line Kilometre of 2D, 2,81,245 Square Kilometre  of  3D  seismic  data  and  drilled  6549  exploratory  wells.  It  has  notified  628 hydrocarbon discoveries and established, 8150.16 MMtoe In-Place hydrocarbon volume and 2939.78 MMtoe (2P) of Estimated Ultimate Recovery.

ONGC's profit after tax for the year 2019-2020 was Rs 13,445 crore.

(b) ONGC being one of the major producer of Oil and Gas, plays a very important role towards the goal of reducing import dependency. Increasing production of Oil and Gas is one  of  the  important  pillars  in  reduction  of  import  of  Oil  and  Gas  for  the  country. Production of Crude oil by ONGC in the last three years is as below:

| Year    |   Crude Oil Production (MMT) |
|---------|------------------------------|
| 2017-18 |                       22.305 |
| 2018-19 |                       21.111 |
| 2019-20 |                       20.714 |

(c)  The  Government  in  February,  2019  approved  major  reforms  in  exploration  and licensing policy to enhance exploration activities, attract domestic and foreign investment in unexplored/unallocated areas of sedimentary basins and accelerate domestic production of oil and gas from existing fields.

Various long term and short term policy initiatives taken by Government and steps taken by ONGC to increase production of domestic oil and gas are given below:-

## 1. Long Term Initiatives

- i. Policy for Relaxations, Extensions and Clarifications under Production Sharing Contract  (PSC)  regime  for  early  monetization  of  hydrocarbon  discoveries, 2014.
- ii. Discovered Small Field Policy, 2015.
- iii. Hydrocarbon Exploration and Licensing Policy, 2016.
- iv. Policy for Extension of Production Sharing Contracts, 2016 and 2017.
- v. Policy for early monetization of Coal Bed Methane 2017
- vi. Setting up of National Data Repository, 2017.
- vii. Appraisal of Unappraised areas in Sedimentary Basins 2017
- viii. Re-assessment of Hydrocarbon Resources 2017
- ix. Policy framework to streamline the working of Production Sharing Contracts in Pre-NELP and NELP Blocks, 2018.
- x. Policy  to  Promote  and  Incentivize  Enhanced  Recovery  Methods  for  Oil  and Gas, 2018.
- xi. Policy framework for exploration and exploitation of Unconventional Hydrocarbons under existing Production Sharing Contracts, Coal Bed Methane contracts and Nomination fields, 2018.
- xii. Policy framework for Exploration and exploitation of Coal Bed Methane (CBM) from areas under Coal Mining Lease allotted to Coal India Limited (CIL) and its subsidiaries 2018
- xiii. Reforms in Hydrocarbon Exploration and Licensing Policy for enhancing domestic exploration and production of oil and gas 2019
14. 2 . Short term initiatives
- i. Early Monetization of Existing Discoveries.
- ii. Improving Recovery Factor through implementation of IOR and  EOR techniques.
- iii. Revival of sick wells.
- iv. Infill Drilling of wells.
- v. Renewal of Facilities and other infrastructure.
- vi. Monetization  of  small  and  marginal  discoveries  in  onshore  through  service contract and outsourcing.
- vii. Redevelopment of existing matured fields and development of new fields/marginal fields.
- viii. Induction of suitable technologies on selective fields
23. (d)  ONGC  Videsh  Limited  has  acquired  three  projects  during  the  last  three  years  and current year. Status of these projects and profit earned is given as under:

|   S.no . | Name of Asset               | Date of Acquisition   | Type of Assets    | Status                                                                        |
|----------|-----------------------------|-----------------------|-------------------|-------------------------------------------------------------------------------|
|        1 | PEL 0037, Namibia           | 03.10.2017            | Exploratory       | ONGC exited from this project w.e.f 23.03.2020 due to no exploration success. |
|        2 | Lower Zakum Concession, UAE | 09.03.2018            | Producing block   | Received 44 Million USD as dividend.                                          |
|        3 | Block 32, Israel            | 27.03.2018            | Exploratory block | Not economically viable. Notice for relinquishment served.                    |

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