HELP Hydrocarbon Exploration and Licensing Policy
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Tamil Research Institution (TRI)<br />
6.3 RESERVES ESTABLISHED UNDER PSC REGIME<br />
<strong>Hydrocarbon</strong> exploration in Indian Basins has picked up pace after the implementation of NELP <strong>and</strong> eventually more<br />
reserves have been established. Award of acreages under DSF policy <strong>and</strong> <strong>HELP</strong> will further accentuate the Oil & Gas<br />
reserve base of India. The trend of In-place volume <strong>and</strong> Ultimate reserves of crude oil <strong>and</strong> natural gas under the PSC<br />
regime during the period 2008-09 to 2015-16 along with the growth with base year as 2008-09 is provided. Over the years,<br />
the In-place volume has increased by 46 % <strong>and</strong> Ultimate reserves have increased by 40 % when compared to figures as<br />
on 01.04.2008.<br />
In-Place VolumeTrend over under the PSC regime<br />
3000<br />
0.6<br />
2500<br />
0.5<br />
50%<br />
2000<br />
31%<br />
41%<br />
46%<br />
0.4<br />
1500<br />
21%<br />
25%<br />
28%<br />
0.3<br />
1000<br />
0.2<br />
500<br />
0.1<br />
1%<br />
0<br />
01 Apr<br />
2008<br />
01 Apr<br />
2009<br />
01 Apr<br />
2010<br />
01 Apr<br />
2011<br />
01 Apr<br />
2012<br />
01 Apr<br />
2013<br />
01 Apr<br />
2014<br />
01 Apr<br />
2015<br />
01 Apr<br />
2016<br />
0<br />
Gas (BCM) OIL+COND (MMT) %Growth with Base Year 2008<br />
Fig. 6.1<br />
Table 6.4 : In-place volume trend under PSC regime<br />
In-Place as on 01.04.2016<br />
As on OIL+COND (MMT) Gas (BCM) O + OEG (MMT) %Growth with Base Year 2008<br />
01.04.2008 639 980 1619 -<br />
01.04.2009 658 982 1640 1%<br />
01.04.2010 814 1148 1963 21%<br />
01.04.2011 821 1209 2029 25%<br />
01.04.2012 817 1255 2072 28%<br />
01.04.2013 830 1292 2122 31%<br />
01.04.2014 972 1318 2290 41%<br />
01.04.2015 975 1460 2436 50%<br />
01.04.2016 995 1362 2357 46%<br />
92<br />
Petroleum Resource <strong>and</strong> Reserves in INDIA<br />
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