GOVERNMENT
OF INDIA
A Digital India Initiative
GOVERNMENT
OF INDIA
Total Crude Oil Production is projected to be at 216.34 Million Metric Tonne Per Annum (MMTPA) during the entire period of the Twelfth Five Year Plan (2012-2017). The year wise projections for crude oil production are: 42.31 MMTPA in 2012-13; 45.57 MMTPA in 2013-14; 44.76 MMTPA in 2014-15; 42.55 MMTPA in 2015-16 and 41.16 MMTPA in 2016-17.
ONGC accounts for the major chunk of the crude oil production projected at 133.06 MMTPA i.e. (61.51%) of the total crude oil production projected in India at 216.34 MMTPA during the entire five year period of the Twelfth Five Year Plan (2012-2017). OIL has total projected crude oil production at 20.34 MMTPA i.e. (9.4%) of the total projected crude oil production. Private/Joint Ventures have crude oil production at 62.94 MMTPA i.e. (29.09%) of the total projected crude oil production during the entire five year period of the Twelfth Five Year Plan (2012-2017).
Crude Oil Production is projected to increase from 42.31 Million Metric Tonne Per Annum (MMTPA) in 2012-13 to 45.57 MMTPA in 2013-14 showing an increase of 3.26 MMTPA (7.71%) during the period. Thereafter, crude oil production is projected to decline at a gradual pace. This decline is due to the falling projected crude oil production of ONGC and Private/Joint Ventures. Only OIL is showing steady growth in crude oil production during the period of the Twelfth Five Year Plan (2012-2017).
Thus, the highest growth rate of 7.71% in crude oil production is projected in the year 2013-14 during Twelfth Five Year Plan (2012-2017).
Note: Data set provided by Power & Energy Division, Planning Commission; Twelfth Five Year Plan Document.