MINISTER OF PETROLEUM AND NATURAL GAS
(SHRI DHARMENDRA PRADHAN)
(a) & (b) The details of Petroleum-Oil-Lubricants (POL) production from domestic crude oil and its total domestic consumption in Million Metric Tonnes (MMT) during last three years, along with percentage self-sufficiency are given below: -
Crude Oil
2016-17
2017-18
2018-19
Total POL production from indigenous crude oil and condensate
35.6
35.2
34.5
Total domestic consumption
194.6
206.2
213.2
Self-sufficiency based on consumption of POL products
18.3%
17.1%
16.25%
The details of domestic natural gas production and its consumption in Billion Cubic Meters (BCM) for last three years are as under:
Natural Gas
2016-17
2017-18
2018-19
Total domestic consumption
55.7
59.2
60.8
Total domestic production
30.8
31.7
32.1
Self-sufficiency
55.4%
53.6%
52.7%
(c) & (d) Government has taken several transformative policy measures/initiatives to remove the obstacles related to oil and gas production and counter the challenges of investors which 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, 2017
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.
xii. Grant of Marketing including pricing freedom, on natural gas production from High Pressure- High Temperature (HP-HT) reservoirs and deepwater and ultra deepwater areas (with ceiling), gas produced from CBM blocks, blocks awarded under Hydrocarbon Exploration and Licensing Policy (HELP) and Discovered Small Fields (DSF) Policy, commercial gas produced from North-Eastern Region (NER) on or after 1st July, 2018 and also in those new gas discoveries whose Field Development Plan (FDP) has been approved after February 2019. To incentivize additional gas production from Administered Price Mechanism (APM) fields, reduction in royalty by 10% of the applicable royalty has also been granted on the additional production over and above business-as-usual scenario.
xiii. In addition, Government in February, 2019 approved major reforms in exploration and licensing policy to enhance exploration activities, attract domestic and foreign investment in unexplored/unallocated areas of sedimentary basins and accelerate domestic production of oil and gas from existing fields. The policy reforms inter alia aim to boost exploration activities with greater weightage to work programme and bidding of exploration blocks under Category II and III sedimentary basins without any production or revenue sharing to Government. Further, reforms envisage simplified fiscal and contractual terms, early monetization of discoveries by extending fiscal incentives and incentivizing gas production including marketing and pricing freedom. The policy also provides more functional freedom to National Oil Companies for collaboration and private sector participation for production enhancement methods in nomination fields. Streamlining approval processes and promoting ease of doing business including electronic single window mechanism is also an important aspect of policy reforms.
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