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Holiday-Assignment Roll No: 17BPE025 Name: Dhrumil Savalia
Holiday-Assignment Roll No: 17BPE025 Name: Dhrumil Savalia
Ans:
In 2018-19, crude oil production in India stood at 34.20 million metric tonnes (MMT).
Onshore production accounted for 50.68 per cent of total production, while offshore
contributed the remaining 49.32 per cent.
ONGC accounted for around 61.25 per cent of total crude oil production in India in FY19.
There was continuous decrease in oil production from 2015 in onshore sector
Whereas in offshore sector India saw decline in production from 2016
Gas production in India over last 10 years
Gas production saw rise in production till FY18 with FY18 as its peak production year
producing around 10,756.26 MMSCF of gas in that year
ONGC being the leading company in terms of production from 2012 to 2019.
These were the contributions of major oil & gas companies from 2010 to 2019
IOCL contributed to 30.49% of the total income from all companies
Reliance industries ltd. contributed to 30.91% of total income
BPCL contributed to 18.43% of total income
HPCL contributed to around 16.17% of the total income
ONGC only contributed to 4.6% of the total income being the major E&P operator
Whereas GAIL contributed to 4.06% of the total income
And remaining 0.58% income was contributed by oil India ltd.
This figure depicts different E&P wells in India. IOCL is the leading oil company in India. As of there are
no official statistics revealed in Indian oil site in its contribution in E&P sector in india
Courtesy: IOCL official website
The Company’s oil and gas assets include KG D6, Panna- Mukta, Tapti and two CBM blocks
The company has 35000rs crore development plan underway in KG-D6 block
2010: Eighth round of New Exploration Licensing Policy launched and 32 Exploration blocks awarded
2012: Ninth round of New Exploration Licensing Policy launched and 14 Exploration blocks awarded.
2016: Discovered Small Field Round Launched on May 25th , 2016
Ans:
In 2011, ONGC applied to purchase 2000 acres of land at Dahanu to process offshore gas.
On 11 August 2012, ONGC announced that it had made a large oil discovery in the D1 oilfield off
the west coast of India, which will help it to raise the output of the field from around 12,500
barrels per day (bpd) to a peak output of 60,000 bpd.
In June 2015, Oil and Natural Gas Corporation (ONGC) gave a Rs27bn ($427m) offshore contract
for the Bassein development project to Larsen & Toubro (L&T).
In February 2016, the board of ONGC approved an investment of Rs. 5,050 crore in Tripura for
drilling of wells and creation of surface facilities to produce 5.1 million standard cubic feet per
day gas from the state's fields.
On 19 July 2017, the Government of India approved the acquisition of Hindustan Petroleum
Corporation by ONGC.
In E&P, Indian Oil has non–operator participating interest in seven oil and gas blocks
awarded under various NELP (New Exploration Licensing Policy) rounds and two Coal Bed
Methane (CBM) blocks in India.
Indian Oil has two onshore type ‘S’ NELP blocks, with 100% participating interest (PI) and
sole operatorship. It also has participating interest in an onshore block in Assam and
Arunachal Pradesh through a farm–in
On April 11, 2017, Cairn India Limited merged with Vedanta Limited, unanimously
recommended by the independent directors at both Vedanta Limited and Cairn India
The merger helped consolidate the Group portfolio of tier-I assets across the natural resources
sector, which combined with strong management, is delivering superior returns for all
shareholders
The combined entity is uniquely positioned to help unlock India’s wealth of world-class energy
and mineral resources.
Two of blocks are located onshore in the Barmer and Krishna-Godavari Basins, and the
remaining seven blocks are all located offshore in the Krishna-Godavari Basin, the Palar-Pennar
Basin, the Cambay Basin, and the Mumbai Offshore Basin in India.
The CB/OS-2 Block has completed 10 years of production and crossed a cumulative production
of over 50 million barrels (7.9 million cubic metres) of oil equivalent hydrocarbons.
Safety and operational integrity have been a strong area of focus for the CB/OS-2 asset
operations team. The asset team recorded 0.93 million Lost Time Incident (LTI) free hours and
delivered facilities uptime of 99.9% during the financial year 2012-13. The block has recorded
more than nine million safe work hours over the last seven years.
Q) Write a note on Oil and Gas scenarios of Gujarat state depicting contribution of oil and gas
productions, companies involved and identify the fields where EOR process have been implemented .
Ans:
Gujarat has been one of the earliest oil/ gas producing states in the country with Ankleshwar
and Mehsana being amongst the earliest gas field discoveries in the country.
The Gujarat region is the second largest gas-producing region in the country with a share of 10%
of the overall gas production in the country.
Reliance Industries Limited is the largest existing gas supplier to the state. ONGC is second
largest and is operating gas fields in the Mumbai offshore and the Gujarat onshore regions and
supplies natural gas to GAIL who markets it to the final consumers.
The other suppliers include GSPC and Niko resources producing gas from its fields located in
Hazira; Cairn Energy supplying gas from its offshore fields -- Lakshmi and Gauri and the Cambay
basin.
ONGC’s recent gas discoveries including Vasai West and NMT-2 in Western Offshore would flow
into Gujarat further consolidating the State as a major consumption and transit point.
These are the statistics of exhibit gas supply projections in Gujarat from FY2009 to FY2020
ONGC has planned to drilled 406 wells in Gujarat oil and gas asset at a cost of Rs.2,403 crore
according to news from economic times in Feb 2019.
The company plans to drill 211 wells in its EOR field at a cost of Rs. 6.73 crore per well and 195
wells in the non-EOR field at a cost of Rs.5.04 crore per well.
As per EOR implementation ONGC decided to invest in santhal oil field in Gujarat 2017. The
investment was about 175 million$
In-situ combustion technique was implemented as an EOR technique in this field way back in
1997
The End