(a) whether the Government has decided to monetize several marginal oilfields of Oil and Natural
Gas Corporation (ONGC) to boost production/exploration of oil;
(b) if so, the details thereof;
(c) whether Directorate General of Hydrocarbon (DGH) has proposed a realistic evaluation of the
oil reserves in the marginal fields ; and
(d) if so, the steps taken by the ONGC to boost the exploration/production of oil from the
marginal fields?
MINISTER OF STATE IN THE MINISTRY OF PETROELUM & NATURAL GAS (SHRI DINSHA PATEL)
(a) & (b): Oil & Natural Gas Corporation Ltd. (ONGC) has identified to monetize 165 new &
marginal fields of which 43 fields have already been monetized by ONGC. Some fields are being
monetized by ONGC itself or through Service Contract. The remaining marginal fields will be
monetized by ONGC on commercial consideration keeping in view economic feasibility.
(c) &(d): Yes,Sir.The strategy to develop marginal fields depends entirely on economics
considering the basic limited hydrocarbon reserves available in these fields.However,ONGC has
made in house efforts through cluster development in offshore and using minimum required
facilities in onland for achieving economic viability.Some fields are being developed through
service contract by ONGC.