Lok Sabha Question No. 2114 (UNSTARRED), answered on 2018-12-24
Subject: Investments in Oil and Gas
Ministry: PETROLEUM AND NATURAL GAS
Asked by: RAGHAV LAKHANPAL, M. CHANDRAKASI

## Investments in Oil and Gas

## 2114. SHRI RAGHAV LAKHANPAL: SHRI M. CHANDRAKASI:

## Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

(a) whether the Government proposes to increase investments in domestic production of  oil  and  gas  and  if  so,  the  details  thereof  along  with  the  steps  taken  by  the Government in this regard;

(b) whether all potential oil/ hydrocarbon fields have been explored for production in the country during the last five years and the current year and if so, the details thereof;

(c)  the  details  of  new  oil/hydrocarbon  fields  discovered  and  oil,  gas  and  other petroleum products produced from the said fields, State/project/company-wise; and

(d) whether alternatives to hydrocarbon based imported fuel is being planned by the Government for meeting the long term energy requirements of the country and if so, the details thereof?

## ANSWER

## MINISTER OF PETROLEUM AND NATURAL GAS (SHRI DHARMENDRA PRADHAN)

(a) The  policy  initiatives  taken  by  the  Government  to  increase  investments  in 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.

(b) The conventional hydrocarbon prognosticated resources in 26 sedimentary basins including offshore areas of the country are of the order of 41.87 Billion Metric Tonnes of O+OEG (oil and oil equivalent of gas). In-place hydrocarbon volume of 10.68 Billion Metric  Tonnes  of  oil  and  oil  equivalent  gas  (O+OEG)  has  been  established  through exploration  as  on  1 st April,  2018.  About  74  %  of  resources  are  under  'yet  to  find category'.

(c) During  the  last  five  years  i.e.  from  2013-14  to  2017-18  and  the  current  year 2018-19,  Oil  &  Natural  Gas  Corporation  (ONGC)  has  made  95  new  oil  and  gas discoveries, while Oil India Limited (OIL) and Private companies have made 41 and 34 new oil and gas discoveries respectively.

(d) The  Government,  through  Oil  Marketing  Companies  (OMCs),  is  implementing Ethanol  Blended  Petrol  (EBP)  Programme  and  Biodiesel  Programme  under  which ethanol is being blended upto 10 percent with petrol and biodiesel is being blended upto 7 percent with diesel. Ministry of Petroleum and Natural Gas is promoting use of Compressed Bio Gas (CBG).

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