Insight
India offers fiscal incentives to boost exploration
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Why buy this report?
- Understand the implications of the India's oil and gas policy reforms as announced on 28 February by the government
- Get a detailed breakdown of the changes that will apply from OALP IV round onwards, including a deep dive into the numbers
- Could we see growing investor appetite in future licensing rounds?
Report summary
On 9 April, the Indian government clarified that the upstream policy reforms announced on 28 February will apply from the OALP IV round onwards. The policy reforms aim to incentivise exploration across the country and include the following key items: • Categorisation of sedimentary basins by maturity • Tiered royalty incentives to encourage faster project execution • Abolishment of government revenue share for emerging or frontier basins and introduction of windfall gain revenue sharing • Capped government revenue share bids with less weighting • Gas marketing and pricing freedom for all new gas discoveries.
Table of contents
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Executive summary
- UPDATE: 27 August 2019
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OALP IV changes in detail
- B asin category
- Royalty incentives
- New terms for category II and III basins
- Adjusted terms for category I basins
Tables and charts
This report includes the following images and tables:
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Government share comparison under OALP III and OALP IV termsRoyalty incentives by locationWindfall revenue sharing
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Windfall revenue sharingContractor revenue share under different bidding strategiesBid criteria – OALP rounds
What's included
This report contains:
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