The Cambay Basin is an oil-prone basin located in northwest India. It offers some of the lowest full-cycle breakeven prices and highest returns in the industry, thanks to an extensive network of infrastructure and a prevailing focus on near-field exploration.
Exploration can be divided into two: the extensively drilled and very mature Gujarat region, and the emergent Rajasthani province, which was proven in 2002 following Cairn Energy's play-opening Raageshwari discovery.
India offers favourable fiscal terms for exploration, with full-cycle government take of < 60% in our outlook models. The newly introduced Hydrocarbon Exploration and Licensing Policy includes a new revenue sharing contract structure which aims to reduce regulatory oversight and bureaucracy and provide greater pricing freedom. Together with new open acreage licensing, it aims to stimulate interest in the upstream sector.
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Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
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Asset report | Jul 2016
India Cambay exploration basin
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