India has 49% more than earlier estimated oil and gas reserves, says report

Current estimate pegs reserves at 42 bn tonnes against 28.09 bn tonnes projected in 1996


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Shine Jacob New Delhi
India has 42 billion tonnes of oil equivalent (BTOE) reserves, according to a new assessment, done after 22 years.

The Mumbai Offshore and Krishna-Godavari basins will continue to hold the key to the country’s energy future with the maximum reserves. 

The current estimate is 49 per cent higher than the last assessment, which projected, in 1996, around 28.09 BTOE in 15 sedimentary basins including onshore, shallow water and deep-water areas.

First Published: Aug 20 2018 | 05:30 AM IST

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