(a) whether Oil and Natural Gas Corporation (ONGC) could not compete with the private sector
entities in exploration of new oil and gas fields in the country during the 10* Man period;
(b) if so, the fact and details thereof;
(c) whether ONGC has spent hugs sums in wasteful expenditure and penalties stemming from
poor planning during the 10* plan period;
(d) if so the facts thereof; and
(e) the steps taken by the Government to ensure that wasteful expenditure by ONGC is curbed?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM`S NATURAL GAS (SHRI DINSHA PATEL)
(a) to (e) The performance of Oil and Natural Gas Corporation (ONGC) during Tenth Plan (2002-07)
in exploration and finding out new oil gas fields has been satisfactory. ONGC during Tenth Plan
( 2002-07) has made 35 hydrocarbon finds in its onland and offshore operational areas and accreted
676.76 Million Metric Tonnes (MMT) Oil and Oil Equivalent of Gas ( O+OEG) in-place with ultimate
component of 240.88 MMT (O+OEG) against the 10th Plan target of 570.43 MMT in-place and 155.51 MMT
(O+OEG) in ultimate category, respectively. The ultra deepwater discovery in KG Offshore made
during 2006-07 by ONGC, is a major deepwater discovery in the country. ONGC has also, discovered
hydrocarbon in the eastern offshore in Mahanadi Basin.During Tenth Plan period, exploratory inputs
expended by ONGC in its on??md and offshore operational areas include acquisition of 59683.26
Ground Line Kilometre / Line Kilometre ( GLK/LK) of 2 D seismic data against the target of 35286
GLK/LK and 92988 sq km of 3D seismic data against the target of 34834 sq km and drilled 576
exploratory wells against a target of 561 exploratory wells. However, ONGC as a operator could
not complete Minimum Work Programme ( MWP) as per Production Sharing Contract (PSC) and paid US
Dollar 50.3 Million towards unfinished work programme and for obtaining extension.