Sep 10: ONGC's Increased Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) programmes have been the backbone of its attempt to lift oil production from its ageing fields>
8A total cumulative gain of over 190 MMT of oil is envisaged from the 28 IOR/EOR schemes that are underway.
8But beyond a point, these programmes may not longer be viable
8Successive IOR and EOR programmes are getting to be more expensive
8So much so that that some of the programmes may soon stop becoming viable. Know more about how high breakeven levels have gone up
8ONGC is now pitching for a new incentive policy for such production
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