India Cambay exploration basin

The Cambay Basin is located in northwest India. It offers low full-cycle breakeven prices and high returns, thanks to an extensive network of infrastructure and a focus on near-field exploration. The basin has traditionally been more oil-prone than gas-prone. Exploration can be divided into two plays: the extensively drilled and mature Gujarat region, and the emergent Rajasthan province, which was proven in 2002 by Cairn Energy's Raageshwari discovery. India offers favourable fiscal terms for exploration. The Indian Government introduced the Hydrocarbon Exploration and Licensing Policy (HELP) in 2016, which includes a new revenue sharing contract (RSM), aiming to reduce regulatory burdens and provide greater pricing freedom. Together with new open acreage licensing, it aims to stimulate interest in the upstream sector. This report analyses exploration performance of the last 10 years and outlook costs, volumes and economics. It is accompanied by multiple excel downloads.