India's Hydrocarbon Outlook – 2022-2023

131 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL Contribution of offshore in India’s total oil and gas production Table 5.4: Offshore Crude Oil Production in last 5 Years (MMT) Location 2017-18 2018-19 2019-20 2020-21 2021-22 ONGC Nomination 16.24 14.97 14.54 14.25 13.62 PSC/RSC Regime 1.91 1.9 1.47 1.14 0.95 Offshore Total 18.14 16.87 16.00 15.39 14.57 Total Production in the country 35.66 34.2 32.17 30.49 29.69 % of Offshore Production 50.9% 49.3% 49.7% 50.5% 49.1% Location 2017-18 2018-19 2019-20 2020-21 2021-22 ONGC Nomination 17.79 19.04 18.58 17.09 15.94 PSC/RSC Regime 4.22 3.08 2.06 1.34 6.93 Offshore sub Total 22.01 22.12 20.64 18.43 22.87 Total Production in the country 32.64 32.87 31.19 28.67 34.02 % of Offshore Production 67% 67% 66% 64% 67% Offshore has approximately equal share ~49% in crude oil production. About 47% of country’s crude oil production is from Western Offshore Fields. Table 5.5: Offshore Gas Production in last 5 Years (BCM) Almost two third of Natural Gas Production is from Offshore areas. Investors’ Pick 33 !"#$%&'%#'(&)(&%*"+)