Domestic crude oil production for the last seven years is given below:
| Year | Crude Oil Production
(in MMT) |
| 2011-12 | 38.09 |
| 2012-13 | 37.86 |
| 2013-14 | 37.79 |
| 2014-15 | 37.46 |
| 2015-16 | 36.96 |
| 2016-17 | 36.01 |
| 2017-18 | 35.68 |
Percentage of imports in crude oil consumed in India for the year 2017-18 was 82.9%.
The policy initiatives taken by the Government to enhance domestic production of oil and gas include:-
(i) Policy for Relaxations, Extensions and Clarifications under Production Sharing Contract (PSC) regime for early monetization of hydrocarbon discoveries, 2014.
(ii) Discovered Small Field Policy, 2015.
(iii) Hydrocarbon Exploration and Licensing Policy, 2016.
(iv) Policy for Extension of Production Sharing Contracts, 2016 and 2017.
(v) Policy for early monetization of Coal Bed Methane.
(vi) Setting up of National Data Repository, 2017.
(vii) Appraisal of unappraised areas in Sedimentary Basins.
(viii) Re-assessment of Hydrocarbon Resources.
(ix) Policy framework to streamline the working of Production Sharing Contracts in Pre-NELP and NELP Blocks, 2018.
(x) Policy to Promote and Incentivize Enhanced Recovery Methods for Oil and Gas, 2018.
(xi) Policy framework for exploration and exploitation of Unconventional Hydrocarbons under existing Production Sharing Contracts, Coal Bed Methane contracts and Nomination fields, 2018.
This information was given by Minister of Petroleum & Natural Gas, Shri Dharmendra Pradhan in a written reply to the Rajya Sabha today.
Discover more from THE OPEN VIEW
Subscribe to get the latest posts sent to your email.
Categories: National



