Open Government Data Portal India

Granularity: Annual

Reference URL of Resource: https://mopng.gov.in/files/TableManagements/IPNG-Annual-Report-2022-23-web.pdf

Sourced Webservices/APIs: NA

Indicators:

Note:

Data Figures are in MMT. NA - Not Available. P- Provisional. Note - Data Figures as on 1st April of particular year. P- Provisional. Western offshore includes Gujarat offshore. Total may not tally due to rounding off. ONGC adopted PRMS System 01-04-2019. OIL & Contract Regime adopted PRMS System 01-04-2022. Revision/Changes in Reserves Data Figures are mainly attributed to the adoption of PRMS guidelines in reserves reporting. As per PRMS system, Under PRMS, each project must be classified individually so that the estimated recoverable sales quantities associated with that project can be correctly assigned to one of the three main classes - Reserves, Contingent Resources or Prospective Resources. Reserves are associated with projects that the owners can demonstrate to be economic and that have approval for development by all partners. Contingent resources are associated with projects that are discoveries, but for some reason the project is not yet approved for development. Source - Oil & Natural Gas Corporation Ltd., Oil India Ltd. and DGH Prospective resources are from projects that remain as prospects, i.e. are yet to be discovered.

Keywords: BalanceReservecrudeOIL