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Oil and Gas Reserves in the Country

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
6973.91 1967.33 493.26
Gas,

BCM#

Gas Initially in-Place(GIIP) Estimated Ultimate Recovery(EUR) Reserves (2P)
3974.41 2299.69 1080.42

* 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 Year 2018-19 2019-20 2020-21 (Apr-Jan 2021)
Volume in MMT 213.216 214.127 158.648
Consumption of Natural Gas
Financial Year 2018-19 2019-20 2020-21 (Apr-Jan 2021)
Volume in BCM 60.8 64.1 50.0

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

 

Self Sufficiency % 2018-19 2019-20 2020-21

(April – January 2021) (P)

Self-sufficiency in Petroleum Products (on consumption basis) 16.2 15.0 16.0
Self-sufficiency in Natural Gas (on consumption basis) 52.7 47.2 45.9

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 Year Crude Oil Liquefied 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)

2017-18 220.4 87.8 566450 20.7 8.05 52122
2018-19 226.5 111.9 783183 21.7 10.25 71867
2019-20 227 101.4 717001 25.6 9.49 67383
2020-21
(April -January (P)
162.8 47.2 349827 20.43 5.77 42798
*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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