The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that ONGC has formulated a 'Perspective Plan 2030' which draws a road-map for increase of ONGC Videsh's (OVL) annual production to 20 Million Metric Tonne of Oil Equivalent (MMTOE) by 2018 and 60 MMTOE by 2030.
OVL has 13 producing assets and 4 developing assets.
The producing assets are located in Vietnam, Sudan, South Sudan, Russia, Columbia, Syria, Venezuela, Brazil and Azerbaijan. All producing assets are under production except Syria and South Sudan.
In Syria, there is at present no production due to Force Majeure like situation since December, 2011. In South Sudan, due to the geopolitical situation, the production has stopped from December, 2013. No intervention is possible at this stage.
The developing assets are located in Syria, Venezuela and Mozambique. Of these, production has been started in Venezuela.
In Syria and South Sudan the time lines for resumption of production cannot be given at present.
In Mozambique, the first leg of production is expected to start in 2019.
OVL has 13 producing assets and 4 developing assets.
The producing assets are located in Vietnam, Sudan, South Sudan, Russia, Columbia, Syria, Venezuela, Brazil and Azerbaijan. All producing assets are under production except Syria and South Sudan.
In Syria, there is at present no production due to Force Majeure like situation since December, 2011. In South Sudan, due to the geopolitical situation, the production has stopped from December, 2013. No intervention is possible at this stage.
The developing assets are located in Syria, Venezuela and Mozambique. Of these, production has been started in Venezuela.
In Syria and South Sudan the time lines for resumption of production cannot be given at present.
In Mozambique, the first leg of production is expected to start in 2019.
