SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC registers 5.8% fall in crude oil production for 2012-13

03 May 2013 Evaluate

State-owned Oil and Natural Gas Corp (ONGC) has registered a fall of about 5.8% in its crude oil production for the year ended March 31 at 20.485 million tonne as compared to 21.76 million tonne achieved in the previous year on account of lower output from its crown-jewel Mumbai High fields. It also fell short of the company’s target of 21.64 million tonne.

Mumbai High fields registered a fall of 4.27% in its oil production at 9.55 million tonne as compared to 9.976 million tonne in 2011-12. Output from Neelam-Heera fields in the Mumbai offshore at 2.92 million tonne as well as 2.28 million tonne of production at Mehsana oilfields in Gujarat were lower than the previous year's output.

However, the Natural gas production has increased marginally by 0.99% at 23.54 billion cubic meters as compared to 23.31 bcm in 2011-12. Its biggest field Bassein in western offshore produced 12.43 bcm of gas as opposed to 12.372 bcm in the previous fiscal.

In 2012-13, ONGC made 22 oil and gas discoveries - 12 new prospects and the remaining new pool discoveries. Of these 22, nine discoveries were made in New Exploration Licensing Policy (NELP) blocks and 13 in areas the company had got on nomination basis.

ONGC Share Price

283.95 1.20 (0.42%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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

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

MoneyWorks4Me ensures this through:

×