RAJYA SABHA
Shri Santosh Gangwar,
Minister of State for Petroleum & Natural Gas, informed
the Rajya Sabha in a written reply today that the consumption
of petroleum products during the year 2002-03 is estimated at
about 103.289 Million Metric Tonne (MMT). The crude oil processing
requirement of the country for the year 2002-03 is estimated
to be 110.561 MMT and the extent of indigenous dry crude oil
available for processing is 26.5%.
Replying to another
query, Shri Gangwar informed the House that M/s Cairn Energy
India (Pty.) Ltd., has made discoveries at prospect ‘H’ and
prospect ‘E’ in the Rajasthan block RJ-ON-90/1. The initial
inplace reserves estimated by the Company in these prospects
are about 35 MMT. In the normal course, discoveries are appraised
and a techno-economic assessment is carried out to determine
the commerciality of a discovery. This is followed by formulation
of the development plan including oil/gas production profile.
On the extent to which dependence on foreign companies would
come down as a consequence, the Minister said that any reduction
in imports would depend upon the actual production from the
block.
