 | This article needs attention from an expert in energy. The specific problem is: Use of non-standard units to quantify amounts of oil.Throughout the article, units of weight, namely Mt (106 metric tons), are used to quantify the amount of oil. Most Wikipedia articles and general industry sources use the bbl, a unit of volume, to quantify the same. Since oils and especially petroleum products vary in their density, direct recovery of common volume units requires an expert review. The usefulness of the article to the international reader will be greatly improved by either replacing or augmenting the figures with de facto the units that are internationally accepted in the oil industry and trade.Additionally, cited international sources sampled by me, such as,[1] use bbbl (109 bbl) as the units of measurement of oil quantity without referring to the particular oil variety or density, often being gross figures, strongly suggesting that at least some data in the article are both WP:OR and inaccurate.. (June 2022) |
The petroleum industry in India dates back to 1889 when the first oil deposits in the country were discovered near the town of Digboi in the state of Assam. The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra (Mumbai High Field). As on 31 March 2018, India had estimated crude oil reserves of 594.49 million metric tonnes (Mt) and natural gas reserves of 1339.57 billion cubic metres of natural gas (BCM).[2][3]
India imports 82% of its oil needs and aims to bring that down to 67% by 2022 by replacing it with local hydrocarbon exploration, renewable energy and indigenous ethanol fuel.[4] India was the second top net crude oil (including crude oil products) importer of 205.3 Mt in 2019.[1]
By March 2021, India's domestic crude oil production output fell by 5.2% and natural gas production by 8.1% in the FY21 as producers extracted 30.4917 Mt of crude oil and 28.67 BCM of natural gas in the fiscal year.[5][6][7][8][9] In August 2021, crude oil production decreased by 2.3%, but there was a 20.23% increase in homegrown natural gas.[10][11]
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- ^ India launches first auction of exploration blocks under new licensing policy Archived 2018-05-12 at the Wayback Machine, Economic Times, 18 Jan 2018.
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- ^ "India's crude oil output drops 5%, gas production falls 8%, reveals official data". 20 April 2021. Archived from the original on 24 June 2021. Retrieved 19 June 2021.
- ^ "India's domestic oil production falls again in August; gas production up". 22 September 2021. Archived from the original on 9 October 2021. Retrieved 3 November 2021.
- ^ "India's crude oil production falls 2.3% in August, gas output rises". Business Standard India. Press Trust of India. 22 September 2021. Archived from the original on 8 October 2021. Retrieved 3 November 2021.