The Government has taken following Policy initiative to enhance domestic production of oil and gas:
Policy for Relaxations, Extensions and clarifications under Production Sharing Contract (PSC) regime for early monetization of hydrocarbon Discoveries, 2014.
Policy on Testing Requirements, 2015.
Discovered Small Field Policy, 2015.
Policy for exploration in Mining Lease Area, 2013.
Hydrocarbon Exploration and Licensing Policy, 2016.
Policy for Extension of Production Sharing Contracts, 2016.
Shale Gas Policy, 2013.
Setting up of National Data Repository, 2017.
Appraisal of Unappraised area in Sedimentary Basin.
Re-assessment of Hydrocarbon Resources.
Policy for early monetization of Coal Bed Methane (CBM)
Presently extraction of oil and gas (including CBM) is being done in 10 states and 2 Offshore Areas (Eastern and Western Offshore).
Domestic crude oil production in Million Metric Tonnes (MMT)
|Year||Production of Crude Oil (MMT)|
Domestic natural gas production in Million Metric Standard Cubic Meters (MMSCM)
|Year||Production of Natural Gas (MMSCM)|