ONGC Tripura Asset Posts High Ever Gas Production

Agartala
The ONGC Tripura Asset has recorded the highest ever annual gas production at 1,675 Million Standard Cubic Metres (MMSCM) in the northeastern state for 2022-23 FY breaking all its previous records, a senior official said on Friday. Prior to this, the maximum amount of natural gas produced by ONGC in the northeastern state was during 2020-21 FY, when the company registered a gas output of 1,634 MMSCM. Oil and gas exploration is a risky business, where the outputs do not always tally with the inputs and there are so many moving parts and involvement of technology at every step of the way. We are happy that the ONGC Tripura Asset has managed to pull it off despite inherent challenges, the official said.
Despite the remoteness of the fields and high decline rates, ONGC Tripura Asset has registered a 3 per cent production growth in the last 6 years. Not just that, the Asset has breached the 5 MMSCMD mark a coveted operational benchmark for many years 49 times in FY’2022-23. The ONGC Tripura Asset also held regular interactions with its gas customers OTPC, TSECL, GAIL, TNGCL as well as regulatory agencies in order to plan power plants’ maintenance shutdowns more effectively. This has contributed to a significant reduction in consumer shutdown loss from 201 MMSCM in FY 2021-22 to 92 MMSCM in FY 2022-23. He assured not just ONGC’s continuous business growth in the state, but also about how the region itself would become a hallmark of sustainable development in the entire country.