GOVERNMENT OF INDIA

MINISTRY OF PETROLEUM AND NATURAL GAS

LOK SABHA

UNSTARRED QUESTION NO: 6802

ANSWERED ON: 17.05.2012

INVESTMENT BY ONGC AND OIL

DINESH CHANDRA YADAV

CHANDRAKANT BHAURAO KHAIRE

ANANT KUMAR HEGDE

RAJIV RANJAN (LALAN) SINGH

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

(a) the amount of investment made by Oil and Natural Gas Corporation (ONGC) and Oil India

Limited (OIL) for exploration of new oil fields and increase the production of crude oil and natural

gas during the Eleventh and Twelfth Five Year plan, company-wise;

(b) the quantum of gas and crude oil in the reserves and the quantum of annual production therefrom

during the said period, year-wise?

(c) the assessment made regarding increase in the quantum of production after the investments; and

(d) the target fixed and achieved for production of crude oil and gas during the said period, companywise?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI R.P.N.

Singh)

(a) The amount of investment (Plan Expenditure) made by Oil and Natural Gas Corporation Limited

(ONGC) and Oil India Limited (OIL) during the Eleventh Five Year Plan and to be made during the

Twelfth Five Year Plan

Note: Accounts for Financial Year 2011-12 are under finalization and audit. Hence, Revised Estimates

(RE) 2011-12 has been reported.

As far as Oil India Limited(OIL) is concerned, the amount of investment (Plan Expenditure) made

during the Eleventh Five Year Plan and to be made during the Twelfth Five Year Plan on new oilfields

(New Exploration Licencing Policy(NELP) & Joint Venture(JV) blocks in the country) is as under :

XIIth Five Year Plan Amount (Rs. in Crores)

2012-13 927.46 2013-14 878.49 2014-15 1,006.14 2015-16 1,002.68 2016-17 751.07 Total 4,565.85

(b) & (c) The quantum of gas and crude oil reserves and quantum of annual production of gas and

crude oil during the Eleventh Plan Period in respect of ONGC and OIL are mentioned below: -

ONGC: - Gas reserves : - 3186.646 Billion Cubic Metre (BCM)

Crude Oil Reserves: - 2924.450 Million Metric Tonne (MMT)

Gas Production Actual : - 114.340 BCM

Crude Oil Production Actual: - 124.112 MMT

OIL: - Gas reserves: - 395.87 BCM

Crude Oil Reserves: -323.26 MMT

Gas Production Actual: - 12.01 BCM

Crude Oil Production Actual: -17.58 MMT

ONGC has over achieved the gas production target for Eleventh Five Year Plan period. However,

crude oil production is marginally short of the target for Eleventh Five Year Plan period.

In respect of OIL, the increase of crude oil and natural gas from the beginning of Xth Plan to the

termination of XIth Plan