SINGALE 1-24.cdr - ONGC
SINGALE 1-24.cdr - ONGC
SINGALE 1-24.cdr - ONGC
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Insights on performance<br />
Director (Onshore)<br />
A K Hazarika<br />
Onshore Production refers to production from inland assets, which has its unique characteristics and challenges. In the<br />
current scenario, it is crucial to maintain the recovery of oil and gas and ensure productivity from existing fields with<br />
necessary safety measures. Improved production systems (including improvement in the recovery factor), optimum<br />
recovery of flared gas and carbon management are some of the pivotal areas, that have been taken up on priority.<br />
Improving the recovery factor of existing assets<br />
At present, nearly, 70% of the oil production comes from mature fields. These fields are likely to have a decline in production<br />
rate, since they have been have been operational for a significant period of time. The major challenge is to overcome the<br />
natural decline of the 25-30 year old fields while improving energy and resource efficiency. In line with our strategic goals,<br />
we have been successful in attaining enhanced and improved oil recovery from our mature fields. As against a global norm<br />
of 7-8 percent crude oil production decline rate from such mature fields, we have been able to maintain the annual decline<br />
rate at 2% during the reporting period.<br />
Sustained production can be achieved through an integrated approach. This includes adopting modern technology,<br />
partnering with internationally acclaimed experts for providing world class services and work practices and taking field<br />
specific initiatives to enhance production. We have invested more than INR 209.44 billion since 2001 in 21 Increased Oil<br />
Recovery and Enhanced Oil Recovery (IOR & EOR) and redevelopment projects across our assets (14 have been<br />
completed and 7 are under implementation). The incremental gain from the projects has been 7.97 million metric tons<br />
during the reporting year leading to a cumulative gain of 56 million metric tons since inception.<br />
"As our well charted strategy, we implemented Increased Oil Recovery and<br />
Enhanced Oil Recovery schemes that have ensured sustained supply of Oil<br />
and Gas."<br />
<strong>ONGC</strong>'s onshore operations: Delivering environmentally conscious energy security<br />
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