New Delhi, July 16 (PTI) The oil ministry has intensified the monitoring of oil and gas fields of state-owned companies such as ONGC to avoid slippages in domestic output, derailing the target of cutting imports by 10 per cent by 2022. The Directorate General of Hydrocarbons (DGH) in the last few weeks has issued specific directives to Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) to submit daily field-wise production report as well as periodic reservoir management reports. On May 25, the ministry offered its all-powerful review committees, headed by its upstream technical arm DGH, to monitor the performance of the PSUs, ONGC and Oil India. The panels will review from the annual work programme and budget to the declaration of a discovery as commercial as also reservoir and production performance, monitoring of development activities and collaborations with explorers. In a July 11 order, it asked the oil PSUs to give production and performance data on a half-yearly basis and in-place reserves in each of the fields on a yearly basis.

Source: The Telegraph July 16, 2017 22:41 UTC