| Oil and Gas Discoveries Under Nelp | |||||||||||||||||||||||||||||
The Minister of State (I/C) in the Ministry of Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that the Government has so far awarded a total of 282 exploration blocks (28 under Pre-NELP and 254 under NELP) in onland and offshore areas of the country. Out of these, 131 exploration blocks have been awarded in various states. As a result of exploration activities, so far a total of 106 hydrocarbon discoveries, comprising of 84 oil and 22 gas discoveries have been made in various states. In-Place oil volume of 358.40 Million Metric Tonnes (MMT) and Gas Volume of 21.39 Billion Cubic Meters (BCM) have been established so far from the above discoveries based on the review of Commerciality/approval of Field Development Plans. During the last three years ( 2011-12 to 2013-14) to till date, 30 hydrocarbon discoveries (8 oil and 22 gas) have been made in the blocks awarded under New Exploration Licensing Policy (NELP). Out of these, Declaration of Commerciality (DoC) has been done for 1 oil discovery according to which In-place volume and recoverable oil reserves are 195.09 Million Barrels and 26.28 Million Barrels respectively. The remaining discoveries are under various stages of evaluation and appraisal. Based on the Annual Work Programme and Budget for 2014-15 and projections during 12thfive year plan (2012-2017), the following are the projected oil and gas production and exploratory inputs during the next three years (2014-2017):
In order to accelerate the pace of exploration and production of oil and gas in the country, the Government has taken following steps: · Offering of exploration blocks through NELP bidding rounds. · Encouraging exploration and exploitation of alternate energy sources, such as Coal Bed Methane (CBM), Shale Gas, Gas Hydrates etc. · Policy for exploration and exploitation of Shale Gas/Shale Oil resources by NOCs under the Nomination Regime. · Policy on Non –exclusive Multi-client Speculative Survey for assessment of unexplored sedimentary basin has been approved. Apart from above, there are various measures being taken by the National Oil Companies to increase current production level. These include development of new and marginal fields, improved Oil Recovery/Enhanced Oil Recovery activities, well stimulation, field re-development/revitalization, work-over activities, chemical stimulation etc. according to the technical requirement of the fields and feasibility. **** |
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Oil and Gas Discoveries Under Nelp
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