Indian E&P Activities at a Glance

  • India has 26 sedimentary basins with a basinal area of 3,134,700 SKm.
  • Till late nineties of the previous century the Indian E&P scenario was primarily dominated by the two National Oil Companies namely The Oil and Natural Gas Corporation (ONGC) and the Oil India Limited (OIL).
  • New Exploration Licensing Policy (NELP) was formulated by the Government of India, with Directorate General of Hydrocarbons (DGH) as a nodal agency, during 1997-98 to provide a level playing field to both Public and Private sector companies in exploration and production of hydrocarbons.
  • The development of E&P sector has been significantly boosted through Under NELP, which became operational in February 1999, acreages are offered to the participating companies through the process of open global competitive bidding.
  • The Government of India has so far completed Nine rounds of offer of acreages under NELP where in 360 exploration blocks have been offered and 254 blocks have been awarded till 31.03.2014. (Oil and Oil-Equivalent Gas (O+OEG) in place reserve accretion under NELP is approximately 745 (MMT).