The ONGC Tripura Asset has broken all previous records by producing the highest-ever annual gas production of 1,675 Million Standard Cubic Metres (MMSCM) in the northeastern state for the 2022-23 financial year, according to a senior official’s announcement on Friday.
Despite the inherent risks and uncertainties associated with oil and gas exploration, ONGC’s Tripura Asset has succeeded in achieving this feat. The official credited the success to several operational initiatives implemented in recent years, such as the installation of plunger lifts, mobile separators, and regular activation of low-pressure wells.
In addition, to overcome the logistical and geological challenges of the region, ONGC has commissioned an Aerial Hydrocarbon Survey to map remote locations and advanced hi-tech drilling rigs to drill deeper and more accurate wells in difficult terrain.
Despite the remoteness of the fields and high decline rates, ONGC Tripura Asset has registered a 3% production growth in the last six years. Furthermore, the Asset has breached the coveted operational benchmark of 5 MMSCMD 49 times in FY’2022-23.
The ONGC Tripura Asset has also held regular interactions with its gas customers – OTPC, TSECL, GAIL, TNGCL – as well as regulatory agencies to plan power plants’ maintenance shutdowns more effectively. This has resulted in a significant reduction in consumer shutdown loss from 201 MMSCM in FY 2021-22 to 92 MMSCM in FY 2022-23.
The official assured ONGC’s continuous business growth in the state and how the region itself would become a hallmark of sustainable development in the entire country.