New Delhi: In order to bring in a sense of competition and boost output, the Directorate General of Hydrocarbons (DGH) has begun ranking the country’s oil and gas fields. The ranking is done on the basis of 10 key parameters, like output, infusion of new technology, energy efficiency, reduction in flaring, safety standards and financial audit, a source said. The weightage of every category is different and will be used to arrive at a cumulative score.
Idea is to improve performance
State firms have already started sharing all the required data with the DGH in order to be part of the ranking programme. The source said that private companies too are likely to join the evaluation process in about a month. “This is just benchmarking. People should know where they stand vis-à-vis others. This would help them improve… bring in positive competition. It is not meant to show anyone in a bad light or act against anyone who is a laggard,” the official said. For now, the ranking will only be shared with the participants. But in future, after the evaluation process has been stabilised, there are plans to make it public.
The process of evaluating oil fields is one of the many measures taken by the government in recent years to raise domestic output so as to cut India’s dependence on oil imports. A combination of ageing oilfields, inadequate field management and policy issues has ensured a steady decline in crude output since 2011-12, pushing up India’s dependence on import to 83.2 percent of its requirement.