Minister of State in the Ministry of PETROLEUM & NATURAL GAS (SMT. PANABAAKA LAKSHMI)
(a) & (b) As per the report of the working group on Petroleum and Natural Gas Sector, the projection of
natural gas production during the 12th Five year plan from the year 2013-14 to 2016-17 by Oil and Natural
Gas Corporation Ltd. (ONGC), Oil India Ltd. (OIL) and Private/Joint Venture (Pvt./Jvs) companies under
Production Sharing Contract (PSC) regime is given below:
In Billion Cubic Metre (BCM)
Company 2013-14 2014-15 2015-16 2016-17
ONGC 25.5 26.70 28.215 38.676
OIL 3.8 4 4.1 4. 2
Pvt./JVs 14.5 16.5 18.5 21.0
Total 43.8 47.2 50.8 63. 9
(c) & (d) The above projections for gas production include the estimated gas production from the
existing fields and as well as expected production from new gas discoveries under development. The
estimated gas production under the PSC regime during the next four years also include the projected
production from the following major gas fields/ blocks where the gas production has declined during
the last two years ( 2011-12 and 2012-13):
Mid and South Tapti, CB-OS/2 , PY-1, Ravva, Hazira and KG-DWN-98/3 ( D1, D3 & MA fields)
(e) & (f) The assurance for higher gas price is likely to encourage accelerated exploration efforts
by the contractors which may lead to new hydrocarbon discovery. Further, the higher gas price may
enable development and monetization of stranded gas discoveries in onland and offshore areas.