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 |
| 6973.91 | 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.
