Recently, Government has formed an expert panel for time-bound resolution of disputes in oil & gas sector.
Oil & Gas Sector – Facts and Figures
Basins and Categories
Sedimentary Basins of India
The existing 26 Sedimentary Basins have an area of approximately 3.14 million Sq. Kms. The sedimentary basins of the country have been classified into four categories as below::
Basins with established commercial production. Cambay, Mumbai Offshore, Rajasthan, Krishna Godavari, Cauvery, Assam Shelf and Assam-Arakan Fold Belt
Basins with known accumulation of hydrocarbons but no commercial production achieved so far
Kutch, Mahanadi-NEC (North East Coast) Basin,Andaman-Nicobar, Kerala-Konkan-Lakshadweep Basin.
Basins having hydrocarbon shows that are considered geologically prospective Himalayan Foreland Basin, Ganga Basin, Vindhyan basin, Saurashtra Basin, Kerela Konkan Basin, Bengal Basin
Basins having uncertain potential which may be prospective by analogy with similar basins in the world. Karewa basin, Spiti-Zanskar basin, Satpura–South Rewa–Damodar basin, Chhattisgarh Basin, Narmada basin, Deccan Syneclise, Bhima-Kaladgi, Bastar Basin, PranhitaGodavari basin, Cuddapah basin.
Some of the major initiatives taken by the Government of India to promote oil and gas sector are: