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Q.

OIL & GAS Q = How much India is self suffiecient in production of crude oil and gases to meet it's energy requirements And what are the future projections ?

Tags: health, science, environment
Asked by commonsense, 16 Mar '10 09:45 pm
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Answers (1)

 
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INDIA, with 16 per cent of the world population and just 0.5 per cent of known crude oil and 0.6 per cent of natural gas reserves, is quite unfavourably placed as far as hydrocarbon resources are concerned. Meeting the growing energy demand of a fast developing India remains a challenge and will remain so in the near future as well.

Self sufficiency in crude oil, the most convenient fuel, has always been a dream and desire of every nation as it proved itself as the foundations of prosperity. As far as achieving self sufficiency in energy supply for India is concerned, it has two dimensions. First, finding and producing new reserves of hydrocarbons (oil and gas), as well as maintaining production levels from the existing fields; second, developing non-conventional and alternate sources of energy in a sustainable and cost effective manner for reducing the demand pressure on oil.

First tasks first. There is no other option than to intensify technology driven exploratory efforts for ...more
Answered by parul advani, 16 Mar '10 11:52 pm

 
  
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