ONGC gas output seen falling fall 1.4% next fiscal

Oil & Natural Gas Corporation Ltd. | Oil Exploration | Oil & Gas | BSE: 500312 | NSE: ONGC

17 Nov 2011 Evaluate

ONGC gas output seen falling fall 1.4% next fiscal

State-owned Oil and Natural Gas Corp (ONGC) may see 4.7% rise in crude oil output at over 25 million tonne in 2012-13 but natural gas output is projected to fall 1.4%. The company estimates, submitted to the oil ministry, put crude oil output at 25.046 million tonne in 2012-13, up 4.74% from revised estimate of 23.912 million tonne for the current fiscal. Its total offshore crude oil production is estimated to go up by nearly 7% to 17.870 million tonne while the same from onshore fields would dip marginally to 7.176 million tonne from 7.209 million tonne in current year. However for 2011-12, ONGC has revised down the crude oil production target from 24.774 million tonne to 23.912 million tonne. This is lower than 24.418 million tonne output of 2010-11. For this year, output from offshore fields would fall 4.19% to 16.703 million tonne while onshore output stands up better in comparison at just 1.78% off the target of 7.340 million tonne to 7.209 million tonne. After accounting for output from joint venture fields like the prolific Rajasthan block operated by Cairn India, ONGC's total oil production would be 27.268 million tonne in 2011-12. In 2012-13, ONGC is projecting a total output of 28.765 million tonne, up 5.48% from the current year estimate.

But natural gas output has been revised downwards. Gas production (excluding JVs) has been revised downwards from a budget estimate of 23.536 billion cubic metres to 23.192 bcm in 2011-12. This compares to gas production of 23.095 bcm in 2010-11. Offshore output is expected to fall short of target by 2.54%, from 18.153 bcm to 117.691 bcm. If JVs are included, the downward revision is smaller, at 0.84%, from an overall budget estimate of 25.451 bcm to 25.235 bcm. For 2012-13, ONGC is projecting an output of 24.877 bcm, with offshore gas production going up 10.21% to 19.498 bcm. After including joint ventures, gas output has been put at 27.018 bcm.

ONGC Share Price

279.25 -4.70 (-1.66%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	279.25
Oil India	454.40
Jindal Drilling&Inds	535.85
Deep Industries	457.70
Asian Energy Service	297.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.