ONGC Projects and Financial Performance
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Highlights of FY 2021-22
Exploration
Added one more basin : Commercial potential of Vindhyan Basin through Hatta#3
Accelerated Exploration: Bagged 85% of blocks in OALP Round VI & VII : 43,494 Sq. km
Notified four new discoveries, Monetized 6 discoveries including two of current year
Drilling
Wells drilled: 434 wells (78 Exploratory & 356 Development)
Drilling cycle speed : 102%
Production
Projects
Beyond E&P
O+OEG production : 43.387 MMTOE
Onshore oil production for last 5 years: 6 MMT level despite natural decline
KG-DWN-98/2 : One Gas Field (U) monetized
02 Major projects completed: 3,807 Cr
06 Projects approved: 5,740 Cr
Boost to WO-16 : Sagar Samrat (MoPU) Positioned
Partnership: MoU signed with SECI to develop renewable energy
Group Synergy: Naphtha Exchange between MRPL and OPAL
New hydrocarbon Initiative: Agreement signed with IOC for Gas Hydrates
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