Country report
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70 Pages

India upstream summary


India upstream summary

Report summary

India's upstream sector growth has slowed in recent years due to regulatory and bureaucratic hurdles. Historically, development has been focused on the western onshore and shallow water offshore areas by state-owned ONGC. In the past decade, the deepwater Krishna Godavari Basin off the east coast gained in importance as Reliance, ONGC and GSPC made numerous gas discoveries. The gas growth story, however, looks to have been short-lived. Falling production from Reliance's D6 block ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 3.33 MB 70 Pages, 39 Tables, 19 Figures
  • Country Overview XLS - 1.64 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Key new policy changes
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Mumbai - saurashtra offshore basin
    • Cambay basin
    • Konkan-Kerala basin
    • Kachch basin
    • Andaman-Nicobar basin
    • Bengal delta sub-basin
    • Cauvery basin
    • Krishna-Godavari basin
    • Mahanadi basin
    • Tripura-Cachar foldbelt
    • Vindhyan basin
    • Indus basin
    • Bikaner-Nagaur Basin
    • Jaisalmer Basin
    • Barmer-Sanchor Graben
  • Exploration
    • Licensing
    • Hydrocarbon Exploration and Licensing Policy (HELP)
      • OALP
    • 2016 Discovered Small Fields Round
    • NELP
      • NELP IX
      • NELP VIII
      • NELP VII
      • Signed contracts
      • NELP VI
      • NELP V (2005)
      • NELP IV (2003-2004) and NELP III (2002)
      • NELP II (2000-2001) and NELP I (1999-2000)
    • Coalbed Methane (CBM)
      • CBM-IV (2009)
      • CBM-III (2006)
      • CBM-II (2004) and CBM-I (2002)
    • Historic Exploration Licensing
      • 1st - 4th licensing rounds
      • 1993 - 1995
      • Joint Venture Exploration Programme (1995)
    • Drilling
      • Drilling activity
    • Historical Activity (1867-1998)
      • Onshore drilling
      • Offshore Exploration
    • Key Activity (1999 onwards)
  • Reserves and resources
  • Production
    • Oil/Liquids
      • Historical Production
      • 2005 - 2014
      • Future Production
    • Gas
      • Historical Gas Production
      • Current and Future Gas Production
  • Infrastructure
    • Oil infrastructure
      • Crude Pipelines
      • Refineries
    • Gas infrastructure
      • Introduction
      • The existing pipelines
      • Expansion of gas network
      • Gas marketing
      • LNG infrastructure
  • Costs
    • Capital costs
      • Capital expenditure by location
  • Policy and regulation
    • Key legislation
      • Organisation of the Indian Oil & Gas Industry
    • State oil company
      • Oil & Natural Gas Corporation Limited (ONGC)
      • Oil India Limited (OIL)
      • GAIL India (GAIL)
      • Indian Oil Corporation (IOC)
    • State participation
    • Licensing
      • Licence Term
      • Work Obligation
      • Relinquishment
  • Fiscal terms
    • Overview
    • Upstream
      • Production Sharing Contract Regime
      • Concession Regime
      • Coal bed methane (CBM) terms
      • Revenue Sharing Model (RSM) terms
    • Current fiscal terms
    • Production Sharing Contracts (PSCs)
      • State equity participation
    • Bonus, rental and fees
      • Signature bonuses
      • Production bonuses
    • Indirect Taxes
      • Value Added Tax (VAT)
      • Import duties
      • Withholding tax on sub-contractors
      • Royalty and other production taxes
      • Royalty
      • NELP Rounds
    • CBM Policy
      • State equity participation
      • Bonus, rental and fees
    • Indirect Taxes
      • Value Added Tax (VAT)
      • Import duties
      • Withholding tax on sub-contractors
      • Royalty
      • Profit split
    • Revenue sharing Mechanism (RSM) - HELP and 2016 Marginal Fields Round
      • State equity participation
      • Bonus, rental and fees
    • Indirect Taxes
      • Value Added Tax (VAT)
      • Import duties
      • Withholding tax on sub-contractors
      • Cess
      • Royalty
      • Revenue split
      • Contract period
    • Pre-NELP contracts extension policy
    • Concession Contract
      • Royalty and Cess Payments
    • Production Sharing Contracts / Revenue Sharing Contracts
      • Domestic Market Obligation (DMO)
      • Contractor Revenue Entitlement
    • Product Pricing
      • Joint Ventures
      • State Companies
      • Oil pricing
    • Marginal fields and HELP blocks gas pricing
    • 2016 Marketing and pricing freedom for challenging gas fields
    • 2014 Uniform gas pricing guidelines
      • Price Calculation
      • Original Rangarajan formula
      • Component 1
      • Component 2
      • Final price
      • Historical gas pricing
      • Market Related Pricing (Non-APM)
      • APM
      • Consumer restrictions
    • PSC cost recovery
    • PSC Profit Sharing
    • RSM Revenue Sharing
      • Corporate (or Petroleum) Income Tax
    • Production Sharing Contract
      • Marginal Government Take Calculation
    • Concession Contract Sample Cash Flow

In this report there are 58 tables or charts, including:

  • Executive summary
    • Liquids Production
    • Gas Production
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2016
    • Net Acreage 2016
  • Geology
    • Sedimentary Basins Map
  • Exploration
    • Exploration: Table 1
    • Blocks Awarded and Relinquished
    • Exploration: Table 2
    • Exploration: Table 3
    • NELP IX Map
    • NELP VIII Map
    • NELP VII Map
    • NELP VI Map
    • CBM Licensing
    • Exploration: Table 4
    • Drilling Activity by Well Type
  • Reserves and resources
    • Remaining and Produced Liquids and Gas Reserves
    • Reserves and resources: Table 1
  • Production
    • Liquids Production
    • Production: Table 1
    • Production: Table 2
    • Gas Production
    • Production: Table 3
    • Production: Table 4
  • Infrastructure
    • India Oil Infrastructure Map
    • India Gas Infrastructure Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
    • Fiscal terms: Table 10
    • Fiscal terms: Table 11
    • Fiscal terms: Table 12
    • Fiscal terms: Table 13
    • Fiscal terms: Table 14
    • Fiscal terms: Table 15
    • Fiscal terms: Table 16
    • Fiscal terms: Table 17
    • Fiscal terms: Table 18
    • Fiscal terms: Table 19
    • Fiscal terms: Table 20
    • Fiscal terms: Table 21
    • Fiscal terms: Table 22
    • Fiscal terms: Table 23
    • Fiscal terms: Table 24
    • GEM models
    • Fiscal terms: Table 26
    • Fiscal terms: Table 27
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