Oil India Limited CC-Dec23.pdf · 2024-02-14
Sir, when I see you last year's presentation, that mentioned your domestically available reserves are around 780 million barrels. And your annual report says your developed reserve in the domestic market is around 200 million barrels of oil that is the number. My sense is around 25% of your reserves are the developed reserves. So, what about the production growth you are targeting for the next 2 years? And I safely assume that this is mostly the upgradation of the undeveloped to a developed reserve of that same market of 200 million barrels on the reserves? That could be the case, sir?
It means that technically you can increase further production also if you want to further develop those reserves because 20% is a very low number.