Oil and gas fields in India have attracted a princely $10.3 billion (about Rs 46,000 crore) private and FDI till January this year since the beginning of the New Exploration and Licensing Policy (Nelp) a decade ago.
Replying to a question in Lok Sabha, petroleum and natural gas minister Murli Deora said natural gas production in India has increased 75% compared to 2008-09 and is expected to double in the near future.
The minister also said under Nelp, about 46% India’s sedimentary basin area has been awarded for exploration including deepwater exploration.
So far, 77 oil and gas discoveries have been made, including major gas discoveries in deepwater. Out of these, 49 discoveries were made by private/foreign companies.
Commercial oil or gas production has commenced from 6 discoveries till date. Crude oil production is about 20,000 barrels per day, which is likely to increase to 34,000 barrels per day in near future, an official statement said quoting the minister.
Replying to supplementary questions, minister of state for petroleum and natural gas Jitin Prasada hailed the participation of as many as 36 companies including domestic private firms, MNCs and state-owned companies in the eighth round of auction of fields under Nelp.
Replying to a question in Lok Sabha, petroleum and natural gas minister Murli Deora said natural gas production in India has increased 75% compared to 2008-09 and is expected to double in the near future.
The minister also said under Nelp, about 46% India’s sedimentary basin area has been awarded for exploration including deepwater exploration.
So far, 77 oil and gas discoveries have been made, including major gas discoveries in deepwater. Out of these, 49 discoveries were made by private/foreign companies.
Commercial oil or gas production has commenced from 6 discoveries till date. Crude oil production is about 20,000 barrels per day, which is likely to increase to 34,000 barrels per day in near future, an official statement said quoting the minister.
Replying to supplementary questions, minister of state for petroleum and natural gas Jitin Prasada hailed the participation of as many as 36 companies including domestic private firms, MNCs and state-owned companies in the eighth round of auction of fields under Nelp.
Source: Financial Express
___________________________________________________________________________
Posts
No comments:
Post a Comment