ONGC investing Rs14k cr to improve oil recovery: Energy Minister

ONGC investing Rs14k cr to improve oil recovery: Energy Minister
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First Published: Tue, Mar 18 2008. 05 59 PM IST
Updated: Tue, Mar 18 2008. 05 59 PM IST
PTI
New Delhi: Oil and Natural Gas Corp is investing over Rs14,000 crore in improving recovery from its major oil and gas fields in the country, Minister of State for Petroleum and Natural Gas Dinsha Patel said on 18 March.
“ONGC has identified 14 of its major oil and gas fields which contribute nearly 80% of the total production, for implementing Improved Oil Recovery (IOR) and Enhance Oil Recovery (EOR) schemes,” he said in a reply to a question in Rajya Sabha here.
The fields identified for IOR/EOR are Mumbai High, Heera, Neelam, Gandhar, Kalol, Sanand, North Kadi, Santhal, Balol, Jotana, Sobhasan, Lakwa, Geleki and Rudra Sagar.
“The combined production performance of these fields has improved from 52,200 tonnes a day in April 2000 to 57,078 tonnes by March 2007, a 9.3% increase,” he said.
The total incremental oil gain is pegged at 110.82 million tonnes by 2029-30.
To a separate question, he said ONGC during the 10th Plan (2002-07) has made 35 hydrocarbon finds to accrete 676.76 million tonnes of oil and oil equivalent gas reserves. Of these, 240.88 million tonnes are recoverable.
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First Published: Tue, Mar 18 2008. 05 59 PM IST