India’s Hydrocarbon Outlook 2024 102 A Report on Exploration & Production Activities Exploration and Production Activities 3 The Indian government’s commitment to streamlining business regulations in the Exploration and Production (E&P) sector is evident in the recent wave of policy reforms. This focus on improving the Ease of Doing Business has led to a significant rise in E&P activity. This surge is expected to play a crucial role in achieving the government’s ambitious goal of reducing dependence on imported hydrocarbons. Recognizing that increased domestic oil and gas production is key to reducing import reliance, the government has prioritized boosting E&P activities. This includes offering more exploration acreage and discovered fields for development. The substantial E&P efforts undertaken in 2014-24 have set the stage for sustained growth in the Indian E&P sector for years to come. This chapter provides a comprehensive overview of E&P activities during the 202324 fiscal year, including details and statistics on exploration, development, and production across the country. The substantial E&P efforts undertaken in 2014-24 have set the stage for sustained growth in the Indian E&P sector for years to come.
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