Abstract

Assam is enriched with Petroleum Mineral Resources Out of the total 25 Oil Blocks of India 15 Blocks are located in Assam It holds about 20 of the indigenous Crude reserves and 23 of the total Natural Gas NG Reserves of India If the said Resources are explored and utilized properly the state will be able to register itself as a developed state Unfortunately due to improper utilization of the Resources the state remains poor The Per Capita Income of Assam was recorded at Rs 27 197 00 only against Rs 46 492 00 of India s National Average Per Capita Income in the year 2009-10 the investment and production scenario in oil sector is so poor that the state is producing only 14 of the total indigenous crude production and 7 of the total indigenous Natural Gas NG Production in spite of having 23 of total Crude Reserves and 21 of total NG of India On the basis of the Reserve status the Production of NG of Assam may be increased to 21 0 Billion Cubic Meters against the current production of 3 38 Billion Cubic Meters p a A