New Delhi: Union petroleum ministry’s 8363 oil and gas projects worth Rs 5.88 lakh crore kick-started economic activities progressively since 20th August maintaining all Covid-19 related guidelines.
The union minister for petroleum and natural gas, Dharmendra Pradhan reviewed the progress of these ongoing projects with senior officers and senior executives of PSUs through video conferencing on Monday.These projects of oil & gas CPSEs & JV/Subsidiaries inter-alia include Refinery Projects, Bio Refineries, E&P Projects, Marketing Infrastructure Projects, Pipelines, CGD Projects, drilling/survey activities.
Out of the total anticipated cost of these projects, approximately Rs 1, 20 lakh crore is targeted to be incurred as CAPEX in FY 2020-21. In FY 2020-21 (as on 15.08.2020), around Rs 26,576 crore worth of CAPEX has already been incurred. Further, in FY 2020-21 (as on 15.08.2020), around Rs 3,258 crore has been reported to be payout accrued on labour account during this period.
A total of around 33.8 crore man-days (direct as well as indirect) of employment is expected to be generated towards the completion of these 8363 projects, out of which more than 9.76 crore man-days of employment generation is targeted in FY 2020-21 itself. In FY 2020-21 (as on 15.08.2020), employment of more than 2.2 crore man-days have been generated through capital expenditure in the execution of these Oil & Gas projects.
Oil & Gas companies have reported that in FY 2020-21, they have planned an employment oriented OPEX of around Rs 41,672 crore which can generate direct/indirect employment, out of which Rs 11,296 crore has already been spent. This OPEX of Rs 41,672 crore has potential to generate around 14.5 crore man-days (direct/indirect). In FY 2020-21 (as on 15.08.2020), direct/indirect employment of around 4.4 crore man-days have been generated through OPEX.
In FY 2020-21, a total of around Rs 1.62 lakh crore (CAPEX and employment oriented OPEX) is targeted to be spent by Oil & Gas companies that has potential to generate employment of around 24 crore man-days (direct/indirect). This amount spent would create a virtuous cycle of investments and will certainly play a crucial rule in revival of Indian economy and will also provide employment opportunities to people of our country. The major 25 ongoing projects having an anticipated cost of Rs 1,67,248 crore and have incurred Rs 7861 crore worth of capex expenditure leading to generation of 76,56,825 mandays are listed in the Table.
List of major ongoing Projects of Oil & Gas CPSEs / JVs
Status as on 15/08/2020
Sl.No -Name of project -Company- Project cost (Rs crore)- CAPEX spent in FY 202021 (Rs crore)
1 Poly Addition Project- HMEL -22900 -1709
2 Rajasthan Refinery & Petrochemical Limited-HRRL -43129 -947
3 Exploratory Drilling in Western Offshore Basin- SW ONGC 2659 -742
4 Visakh Refinery Modernisation Plant -HPCL -26264 -685
5 Ennore – Thiruvallur – Bengaluru –
Puducherry – Nagapattinam – Madurai – Tuticorin Natural Gas- IOCL -6025 -571
6 Development Drilling in Mumbai High Asset- ONGC- 1516- 514
7 Development Drilling in Neelam & Heera Asset -ONGC 1325 488
8 Ethylene Glycol (MEG) Project at Paradip Refinery IOCL- 5654 -346
9. 30” Crude Oil Pipeline in H-B section of PHBPL and
Conversion of existing 18″ twin pipelines in H-B section from Crude to Product and Gas service -IOCL -3696 -313
10. Kochi-Koottanad-BangaloreMangalore Project- GAIL -5909 -300
11. Paradip – Hyderabad Pipeline- IOCL -3338 -200
12. Mumbai High South
Redevelopment Phase IV- ONGC -2409 -199
13 Motor Spirit Block Project (MSBP) at Kochi Refinery- BPCL- 3289 -146
14 Propylene Derivative
Petrochemical Project (PDPP) at
Kochi BPCL 5246 109
15 Mumbai Refinery Expansion
Project HPCL 5060 103
16 Development of Surface Facilities for Production and Evacuation of
Crude Oil and Natural Gas from
Nadua and East Khagorijan OIL 653 78
17 BS VI Project MRPL 1810 73
18 Life Extension of well platforms ONGC 2283 72
19 Dobhi-Durgapur Pipeline Project (Section 2 B) GAIL 2433 58
20 BS VI Project CPCL 1858 51
21 NCU(Phase-I)expansion along with revamp of MEG & BEU unit and C2-C3 at Panipat Refinery IOCL 1636 51
22 2 G Ethanol plant (Bio Refinery),
Assam NRL 1750 45
23 LPG Import Facility at Paradip IOCL 690 27