from onshore fields and another

In 2023, India produced 294,000 b/d of crude oil from onshore fields and another 298,000 b/d from offshore fields.7 National oil companies (NOC) produced most of the oil (78%) in 2023. Joint venture and private companies are responsible for the other 22% of India’s production.8 Consumption of petroleum and other liquids has grown every year since 2020 to 5.3 million b/d in 2023. It grew to a high of 5.5 million b/d in 2024 and we expect consumption to grow by 6% in 2025.9 As of 2023, India had 20,873 miles of petroleum product pipelines. During FY 2022–2023, the pipeline utilization rate was about 63%.10 India’s recoverable oil reserves in 2023 were 4.9 billion barrels. India’s reserves were primarily onshore (61.3% onshore and 38.7% offshore). สล็อต เว็บตรง