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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
10 MAR 2021 2:24PM by PIB Delhi
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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YKB/SK