Correct Option: C

India has around 5.4 billion barrels of oil reserves with it and the domestic production has increased in the recent past to reach the 0.8 million barrels per day mark. Mumbai high is the largest oil-producing oilfield in India with a production of 2.6 lakh barrels per day. Bombay High is an offshore oilfield 160 kilometres (99 mi) off the coast of Mumbai, India. The oil operations are run by India’s Oil and Natural Gas Corporation (ONGC). As of 2004, it supplied 14% of India’s oil requirement and accounted for about 38% of all domestic production.