Country Report
India upstream summary
Report summary
Gas production poised for near-term growth - Output declined drastically between 2011 and 2017 primarily due to under-performance of the KG-D6 block and lack of FIDs. During 2017 there was a marginal growth in production, and it remained steady until 2019. The period 2019 and 2020 showed steep decline in production due to combination of production decline from old fields, gas demand shortfall and pricing. In 2021 production rebounded, and it is expected to increase during 2023 and 2024 with ...
Table of contents
- Introduction
- Krishna-Godavari basin-editable
- Mumbai offshore basin
- Cambay basin-editable
- Rajasthan Basin
- Cauvery basin-editable
- Assam - Arakan basin
- Kutch basin
- Andaman-Nicobar basin-editable
- Mahanadi basin-editable
- Vindhyan basin-editable
- Kerala - Konkan basin
- Tripura-Cachar foldbelt
- Indus basin
- Bikaner-Nagaur Basin
- Jaisalmer Basin
- Barmer-Sanchor Graben
- Licensing
-
Hydrocarbon Exploration and Licensing Policy (HELP)
- 2021 Discovered Small Fields Round (DSF-3)
- 2018 Discovered Small Fields Round (DSF-2)
- 2016 Discovered Small Fields Round (DSF-1)
-
NELP
- NELP IX
- NELP VIII
- NELP VII
- 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)
-
Drilling
- Drilling activity
- Future activity
-
Historical Activity (till 1998)
- Onshore drilling
- Offshore Exploration
- Key Activity (1999 onwards)
-
Oil/Liquids-Editable
- Future Production
- Historical Production
- 2005 - 2014
- Gas
-
Oil infrastructure
- Crude Pipelines
-
Gas infrastructure
- Introduction
- Gas marketing
- LNG infrastructure
- Introduction
-
Capital costs
- Capital expenditure by location
- Operating costs
-
Key legislation
- Organisation of the Indian Oil & Gas Industry
-
State oil company
- Oil & Natural Gas Corporation Limited (ONGC)
- GAIL India (GAIL)
- Indian Oil Corporation (IOC)
- State participation
-
Licensing
- Licence Term
- Work Obligation
- Relinquishment
- 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
- 2023 Kirit Parekh Committee Recommendation
- 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
- Marginal Government Take Calculation
- Concession Contract Sample Cash Flow
Tables and charts
This report includes 46 images and tables including:
- Sedimentary Basins Map
- OALP block awards
- Gas Production
- Gas Production (mmcfd) 2014-2023
- Gas Production (mmcfd) 2024-2033
- NELP IX Map
- NELP VIII Map
- NELP VII Map
- NELP VI Map
- CBM Licensing
- Liquids and Gas Production and Reserves
- Reserves at 01/01/2024
- Liquids Production
- Liquids Production (kb/d) 2014-2023
- Liquids Production (kb/d) 2024-2033
- India Oil Infrastructure Map
- India Gas Infrastructure Map
- Key Fields Capital Expenditure (US$ Million) 2014-2023
What's included
This report contains:
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