Year-wise Production of Crude Oil in India

The details of domestic crude oil production in Million Metric Tonne (MMT) during the last three years are given as under.

Financial Year Crude Oil Production
2018-19 34.20
2019-20 32.17
2020-21 30.49
2021-22 29.69
2022-23 29.18

The Government has taken various long and short term policy initiatives to increase domestic crude oil production.

Long-term Policy Initiatives

  1. Discovered Small Field Policy, 2015.
  2. Hydrocarbon Exploration and Licensing Policy, 2016.
  3. Setting up of National Data Repository, 2017.
  4. Re-assessment of Hydrocarbon Resources 2017
  5. Policy to Promote and Incentivize Enhanced Recovery Methods for Oil and Gas, 2018.
  6. Policy Framework for Exploration and Exploitation of Unconventional Hydrocarbons under Existing Production Contracts and Nomination Fields, 2018.
  7. Reforms in Hydrocarbon Exploration and Licensing Policy for enhancing domestic exploration and production of oil and gas 2019.

Short and Medium term Initiatives

  1. Early Monetization of Existing Discoveries.
  2. Improving Recovery Factor through implementation of Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) techniques.
  3. Revival of sick wells.
  4. Renewal of Facilities and other infrastructure.
  5. Monetization of small and marginal discoveries in onshore through service contract and outsourcing.
  6. Redevelopment of existing matured fields and development of new fields/marginal fields.
  7. Induction of suitable technologies on selective fields.