Ministry of Petroleum & Natural Gas

8,363 projects, with an anticipated cost of Rs 5.88 lakh crore, have been kick-started in the Oil and Gas sector since 20th April this year;

Government of IndiaAround 33.8 crore man-days of employment expected to be generated from these projects;

Petroleum Industry has turned 'crisis into opportunity' and is striving to work on mission mode to generate employment and revive growth

Posted On: 25 AUG 2020 6:20PM by PIB Delhi

Oil & Gas industry has kick-started economic activities/projects, numbering 8,363 with an anticipated cost of Rs 5.88 lakh crore which resumed progressively since 20.04.2020, following all pandemic related SOP.

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.  The major 25 on-going projects of Oil & Gas CPSEs / JVs having an anticipated cost of Rs 1,67,248 crore and having incurred Rs 7861 crore worth of Capex leading to generation of 76,56,825 mandays, are given in Annexure.

Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan has been holding in-depth reviews of all on-going projects of Oil & Gas Companies, the recent one being on 24.08.2020. Under the Minister’s vision, Petroleum Industry has turned 'crisis into opportunity' and is striving to work on mission mode to generate employment and revive growth. Oil and Gas entities in their role as key actors are working on war footing and contributing to the green shoots of economic revival already visible through the backward and forward linkages of the oil and gas industry.  Further, Oil and Gas sector is a key driver of economic growth and, therefore, these projects provide boost to the national economy and will trigger job creation, material movement.

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 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 employment (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.

 

Annexure

  List of major on-going 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 2020-21 (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-Bangalore-Mangalore 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

24

Infrastructure facilities at Gujarat Refinery and Dumad for Koyali-Ahmednagar-Solapur Pipeline

IOCL

906

24

25

Barauni Refinery Capacity Expansion from 6.0 to 9.0 MMTPA

IOCL

14810

10

YB      

 

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