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Crude oil peak production of 6 MMT per annum, Q2 2009
05
Mar '08
The Minister of Petroleum and Natural Gas Shri Murli Deora informed the Rajya Sabha in a written reply that in Krishna Godavari basin, Oil and Natural Gas Corporation Limited (ONGC) started commercial oil and gas production in October 1998.

In 2006-07, production by ONGC in onland areas of KG basin was about 602 tonnes per day of crude oil and 4 million metric standard cubic metres per day (MMSCMD) of natural gas.

He told the House that in July 2008, additional natural gas of 40 MMSCMD from Krishna Godavari deepwater areas is likely to be produced by Reliance Industries Limited and NIKO Resources Limited Joint Venture.

Shri Deora also informed that in Rajasthan, ONGC and Oil India Limited are producing natural gas at the rate of 0.75 MMSCMD. In second quarter of 2009, crude oil peak production of 6 million metric tones per annum is likely to be produced by Cairn Energy India Pty Ltd.

He added that 12 MMSCMD of natural gas is produced from Tapti field by British Gas Exploration Production India Limited (BGEPIL).

The Minister further said that as on 1.4.2007, in KG basin, initially in place oil and gas reserves of 970.52 million metric tones of oil equivalent (MMTOE) have been established.

In Rajasthan, initially in place oil and gas reserves of 330.36 MMTOE have been established. In Tapti field, initially in place oil and gas reserves of 114.96 MMTOE have been established.

Government of India approved the New Exploration & Licensing Policy(NELP) in 1997 and it became effective in February, 1999.

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