Oil and Gas Reserves in India

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Pumpjack - Oil Extraction Photo by Wikipedia
Pumpjack - Oil Extraction Photo by Wikipedia
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Oil and Gas Reserves in the Country

By PIB Delhi

Status of Oil & Gas Reserves (2P) of the Country as on 01.04.2020 is as under:-

Oil,MMT*Oil-Initially in-Place(OIIP)Estimated Ultimate Recovery(EUR)Balance Recoverable Reserves
6973.911967.33493.26
Gas,BCM#Gas Initially in-Place(GIIP)Estimated Ultimate Recovery(EUR)Reserves (2P)
3974.412299.691080.42

* MMT- Million Metric Tonnes; BCM- Billion Cubic Meter

Total consumption of petroleum products and natural gas in the country is given below:

Consumption of Petroleum Products
Financial Year2018-192019-202020-21 (Apr-Jan 2021)
Volume in MMT213.216214.127158.648
Consumption of Natural Gas
Financial Year2018-192019-202020-21 (Apr-Jan 2021)
Volume in BCM60.864.150.0

The percentage of total requirement of the country met by indigenous production (Self-Sufficiency) is given below:

Self Sufficiency %2018-192019-202020-21(April – January 2021) (P)
Self-sufficiency in Petroleum Products (on consumption basis)16.215.016.0
Self-sufficiency in Natural Gas (on consumption basis)52.747.245.9

The details of quantity and value (in US$ and Rs.) of import of crude oil and petroleum products during the last three years and current years is as below:-

Financial YearCrude OilLiquefied Natural Gas
Quantity Imported
(in MMT)
Amount in US$ (Billion)Amount in Rs. (Crores)Quantity Imported
(in MMT)
 Amount in US$ (Billion) Amount in Rs. (Crores)
2017-18220.487.856645020.78.0552122
2018-19226.5111.978318321.710.2571867
2019-20227101.471700125.69.4967383
2020-21
(April -January (P)
162.847.234982720.435.7742798
*MMT-Million Metric Tonnes

This information was given by the Union Minister for Petroleum and Natural Gas Shri Dharmendra Pradhan in a written reply in the Rajya Sabha today.

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