Oil & Natural Gas Corporation Limited CC-Dec23.pdf ·
Thank you, sir. My second question was on the 20% premium to the incremental gas production which Kirit committee has proposed. I understand it has still not been cleared and notified, but as and when it comes, what is the proportion of our APM production which will be eligible for this kind of premium pricing currently? And it can give some visibility as to how it can potentially increase over the next two to three years. Oil and Natural Gas Corporation Limited - 7 - 12.02.2024. Currently, as per the definitions of the gas premium pricing, any well intervention or the new well which is coming up in the existing nomination field will be eligible for this 20% gas premium pricing. Currently, during this year FY’2023-24, it is contributing something around 3-4% of our current gas production. And moving forward in the next three years, we hope that the contr ibution from this new gas towards the premium pricing will be in the tune of around 20%.
Thanks a lot.