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.