GOVERNMENT OF INDIA
MINISTRY OF PETROLEUM AND NATURAL GAS
LOK SABHA
UNSTARRED QUESTION NO: 1931
ANSWERED ON:11.08.2011
PRODUCTION OF CRUDE OIL BY PSUS
ARJUN ROY
(a) whether Public Sector Undertakings expecially Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC) are primarily responsible for production of crude oil and natural gas in the country;
(b) if so, the details of production of crude oil and natural gas alongwith the average cost of production by these PSUs during the last three years; and
(c) the average price on which the above products were sold to oil refineries during the said years alongwith the discount given/dividend earned per barrel?
Will the Minister of PETROLEUM AND NATURAL GASbe pleased to state:-
Minister of State in the Ministry of PETROLEUM AND NATURAL GAS
(SHRI R.P.N. SINGH)
(a) One of the main objects of Oil and Natural Gas Corporation (ONGC) is production of crude oil and natural gas. Indian Oil Corporation (IOC) is primarily involved in refining and marketing of petroleum products.
(b) The details of production of crude oil & gas and average cost or production by ONGC during last three years is as under:-
Year Quantum of Average cost Quantum of Average cost Oil Production (Rs/Metric Gas production (in lakh Rs (in MMT) Ton) (in BCM) /BCM)
2008-09 25.366 10,776 22.486 45.59
2009-10 24.671 12,815 23.109 53.73
2010-11 24.419 12,783 23.095 57.99
(c) The average sale price, discount given on crude oil and Gross margin earned on oil by ONGC is as under:-
Year Gross Price Discount Gross Margin (Pre on oil discount) ($/Barrel)
2008-09 86.15 38.45 16.49
2009-10 71.65 15.71 20.00
2010-11 89.41 35.64 16.47
The average sale price of natural gas and Gross margin earned on gas by ONGC is as under:-
Year Sale Price Gross margin (Rs./MSCM) in Rs.per MSCM
2008-09 3191 -1368
2009-10 3215 -2158
2010-11 6216 417