New Delhi, Jul 16 (PTI) The Oil Ministry has intensified monitoring of oil and gas fields of state-owned firms like ONGC to avoid slippages in domestic output derailing the target of cutting import reliance by 10 per cent by 2022. ONGC produced 86 per cent of its 26.13 million tonnes of crude oil in 2016-17 fiscal from fields given to it on nomination basis. Natural gas production from nomination fields accounted for 93 per cent of the total output of 25.34 billion cubic meters. "In India, the current recovery factors of ONGC and Oil India for crude oil are as low as 27 per cent and 23 per cent. In case of natural gas, it is 54 per cent and 43 per cent for ONGC and Oil India, respectively," he had said.

Source: India Today July 16, 2017 05:26 UTC