New Delhi: State-owned oil major Oil and Natural Gas Corp's (ONGC) has added a plume to its feather. According to sources, the public sector undertaking's (PSU) natural gas production has hit an all-time high of about 70 million standard cubic meters per day as it doubles up efforts to raise domestic output to curb imports. ONGC produced about 64 million standard cubic meters per day (mmscmd) of gas in November last year and this year the output is close to touching 70 mmscmd, sources said. Even after one takes internal consumption into account, gas sales hover around 56 mmscmd, marking an all-time high for the oil marketing company (OMC). If ONGC gets market price, its output can increase by 24-25 mmscmd in the next 1-2 years as it will make about 35 billion cubic meters of recoverable reserves in discoveries in the shallow sea off Andhra Pradesh on the east and off Gujarat and Mumbai on the west coast blocks economically viable.
