Oil and Natural Gas corporation has found a declining crude oil production trend in its onshore fields and registered a 1.25 percent rise in output in the fiscal year ended March 2019, company official said. produced 6.141 million tonnes of crude oil from its onshore fields despite majority of them being more than 50 years old and facing a natural decline.
ONGC Chairman and Managing Director Shashi Shanker said: “The growth in onshore production has been achieved beating enormous challenges which cropped up due to ageing of the fields. This has come at a time when fields with similar vintage are facing a sharp decline internationally.”
ONGC Director (Onshore) S K Moitra said the company continues to take up various initiatives on the EOR front and as many as six EOR projects have been either implemented or are on the verge of implementation.
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