Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Measured in thousand barrels daily, the dataset reflects total oil production and serves as an important indicator of upstream activity, domestic energy supply, investment trends, resource development, and the overall performance of India's petroleum sector. The data provides valuable insights into annual production movements and supports analysis of domestic crude oil availability, upstream performance, and long-term energy planning.
India produced 904 thousand barrels daily in 2015 and 896 thousand in 2016 before remaining relatively stable at 897 thousand in 2017. Production declined marginally to 892 thousand barrels daily in 2018 before falling to 851 thousand in 2019. Output continued to decrease to 795 thousand barrels daily in 2020, 770 thousand in 2021, 739 thousand in 2022, and 728 thousand barrels daily in 2023. The continuous decline reflects the maturity of existing oil fields, natural reservoir depletion, and limited additions from new producing assets despite ongoing exploration activities and enhanced oil recovery initiatives.
Overall, the dataset highlights a gradual but persistent decline in India's domestic oil production throughout the review period. While indigenous production continues to contribute to the country's energy supply, the declining trend emphasizes the need for continued upstream investment, technological innovation, improved recovery methods, and new exploration projects to strengthen domestic production capacity and support long-term energy security.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating supply trends, assessing upstream investment, supporting market analysis, forecasting future production, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and production planning.