Government to rank oil and gas fields to boost output, promote Competition


Government to rank oil and gas fields to boost output, promote Competition

The Directorate General of Hydrocarbons (DGH) has begun ranking the country’s oil and gas fields in a bid to induce competition among its managers and help boost domestic output stagnant for years now.

The ranking is based on a field’s performance on 10 key parameters such as output, infusion of new technology, energy efficiency, reduction in flaring, safety standards and financial audit, an official said. Each parameter has been assigned a different weight. DGH is the technical arm of the oil ministry.

State firms have already joined the DGH’s ranking programme and have begun sharing all data needed for the purpose, the official said, adding that private companies too will likely join the exercise in about a month.

“This is just benchmarking. People should know where they stand vis-à-vis others. This would help them improve,” the official said. Read More

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