Oil & Natural Gas Corporation Ltd.

State run, Oil and Natural Gas Corp (ONGC) is planning to increase natural gas production by over 7.22 million standard cubic meters per day (mmscmd) in next two years in order to fulfill growing energy deficit in the country. As per the plan incremental output in 2012-13 will be 1.45 mmscmd and a substantial 5.77 mmscmd will come in 2013-14.

The company will produce 0.4 mmscmd from North Tapti field off the west coast and another 1.05 mmscmd from G-1 and GS-15 fields in Bay of Bengal, in the current fiscal. Western offshore B-Series field will deliver 1.56 mmscmd at Uran in Maharashtra next fiscal while another 0.03 mmscmd of incremental volumes are expected from BHE and BH-35 fields.