Page 77 - DGH_Annual_Report

Exploration and Production Activities 77

3.3.3 Production Trends: Navigating to 36.11 BCM in 2024-25. During this period, the
Challenges and Opportunities share of PSC production rose from 24.3% to 37%,
signalling a shift towards private companies and
Crude oil production has generally declined joint venture
from 36.96 MMT in 2015-16 to 28.70 MMT in
2024-25, attributed to depletion of reserves Notably, after a decline until 2020-21, gas
and limited contribution from new discoveries. production recovered, driven largely by increased
In contrast, natural gas production has shown contribution from NELP blocks, particularly from
modest growth, rising from 32.25 BCM in 2015-16 the deepwater blocks in Krishna Godavari basin.

Table 3.6: Contribution by ONGC, OIL and NOCs/Pvt./JVs in country’s Oil and Gas production in
last 10 years

Year Oil Production (MMT) Gas Production (BCM)
ONGC OIL PSC Total Oil ONGC OIL PSC CBM Total Gas
(Nomination) (Nomination) (MMT) (Nomination) (Nomination) (BCM)
2014-15 22.26 3.41 11.78 37.45 22.02 2.72 8.68 0.23 33.65
2015-16 22.37 3.23 11.36 36.96 21.18 2.84 7.84 0.39 32.25
2016-17 22.21 3.26 10.53 36.00 22.09 2.94 6.31 0.56 31.90
2017-18 22.25 3.38 10.06 35.68 23.43 2.88 5.60 0.73 32.65
2018-19 21.04 3.29 9.87 34.20 24.67 2.73 4.77 0.71 32.88
2019-20 20.63 3.11 8.44 32.17 23.75 2.67 4.12 0.66 31.19
2020-21 20.18 2.94 7.37 30.49 21.87 2.48 3.68 0.64 28.67
2021-22 19.45 2.99 7.25 29.69 20.63 2.89 9.82 0.68 34.02
2022-23 19.49 3.16 6.53 29.18 19.97 3.04 10.77 0.67 34.45
2023-24 19.21 3.34 6.80 29.36 19.32 3.09 13.38 0.65 36.44
2024-25 18.466 3.444 6.793 28.703 18.795 3.171 13.378 0.756 36.109