Page 92 - DGH_Annual_Report

92 INDIA'S HYDROCARBON OUTLOOK 2024-2025

Furthermore, all major technical submissions to Production (Cumulative)

the DGH-such as Declarations of Commerciality
(DOCs), Field Development Plans (FDPs), and Commercial PIIP, with corresponding
Revised FDPs-must be accompanied by a Reserves
statement of resources and reserves, reflecting Sub-commercial PIIP, with corresponding
the project’s maturity and the probability Contingent Resources
of commercial success, in line with PRMS
classifications. This structured and transparent approach
ensures better resource management,
In this framework, DGH maintains discovered regulatory oversight, and investor confidence,
Petroleum Initially-In-Place (PIIP) data under contributing significantly to India’s long-term
the following categories: energy security.

Figure 5.1: Sub classes based on project maturity

Project Maturity
PRODUCTION
Sub-classes
On Production
COMMERCIAL RESERVES Development
TOTAL PETROLEUM INITIALLY-IN-PLACE (PIIP)
Approved for
DISCOVERED PIIP Development Pending
Justified for
Development

SUB-COMMERCIAL CONTINGENT Development Unclarified

Development On Hold

RESOURCES

Development Not
Viable

UNRECOVERABLE Prospect Increasing Chance of Commerciality

UNDISCOVERED PIIP PROSPECTIVE Lead

RESOURCES

Play

UNRECOVERABLE
Not to Scale

Range of Uncertainty

Sub-classes based on project maturity