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India’s Hydrocarbon Reserves & Resources          99



            Figure 5.8: State-wise Onland Gas (BCM) 2P Reserves + 2P Resources across country as of
            01.04.2024

                                                        4.8  7.3
                                                 59.3



                                       36.5




                                    28.2
                                                                                 164.5


                                     44.4





                                               63.6                    55.5
                                                            24.3


               Arunachal Pradesh   Assam          Gujarat     Madhya Pradesh    Rajasthan         West Bengal
               Mizoram             Nagaland       Tripura     Tamilnadu         Andhra Pradesh    Jharkhand



            5.2.6 India’s Reserve Replacement Ratio (RRR) & Reserves to Production ratio (R/P)

            Reserves Replacement Ratio (RRR) for a particular year in following manner:
            RRR = [(Reserves accreted) / (total production)] during a FY

            Change in EUR (Production+ reserves) denotes reserves accretion (+ve/-ve) during a financial year.

                                               Country’s RRR FY 2024-25
                            Oil + Condensate                                       Gas

                                  0.51                                             0.99
            The Reserves-to-Production ratio (R/P) is an estimate of the number of years oil and gas reserves
            will continue to produce based on current production rates. It does not account for future reserve
            accretion; hence it tends to increase with the time.

            R/P = [total reserves / total production during a FY] years

                                               Country's R/P   FY 2023-24
                            Oil + Condensate                                       Gas
                                16 years                                         18 years


            5.2.7 Performance review of Nomination            contributing  to  over  80%  of  the  nation’s  2P  oil
            blocks                                            reserves and more than 60% of 2P gas reserves.
                                                              Recognizing  its  strategic  importance,  the
            The  Nomination  regime  continues  to  play      Directorate General of Hydrocarbons (DGH) has
            a  pivotal  role  in  India’s  energy  landscape,   embarked on a focused initiative to evaluate and
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