Country Report

India upstream summary

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11 February 2020

India upstream summary

Report summary

Gas production poised for near-term growth - Output declined drastically between 2011 and 2017 primarily due to underperformance of the KG-D6 block and a lack of FID's. However, there was a turnaround starting in late-2018 driven largely by output from ONGC's nomination projects. Post-2020 growth will come from deepwater projects operated by Reliance (KG-D6 expansion) and ONGC (KG-DWN-98/2) located in the Krishna-Godavari basin. These multi-tcf projects, which have benefited ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • 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
    • Licensing
    • Hydrocarbon Exploration and Licensing Policy (HELP)
      • OALP
      • OALP-1
      • OALP-2 and 3
      • OALP-4
      • OALP-5
      • 2018 Discovered Small Fields Round (DSF-2)
      • 2016 Discovered Small Fields Round (DSF-1)
    • 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
    • Future activity
    • Historical Activity (till 1998)
      • Onshore drilling
      • Offshore Exploration
      • Key Activity (1999 onwards)
  • Reserves and resources
    • Oil/Liquids
      • Future Production
      • Historical Production
      • 2005 - 2014
    • Gas
      • Future gas production
      • Historical gas Production
    • Oil infrastructure
      • Crude Pipelines
      • Refineries
    • Gas infrastructure
      • Introduction
      • The existing pipelines
      • Expansion of gas network
      • Gas marketing
      • LNG infrastructure
    • Capital costs
      • Capital expenditure by location
    • 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
    • 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

Tables and charts

This report includes 59 images and tables including:

  • Liquids Production
  • Gas Production
  • Key facts: Table 1
  • Location maps: Image 1
  • Reserves and contingent resources at 01/01/2021
  • Liquids and Gas Production 2016
  • Net Acreage 2021
  • Liquids and Gas Production and Reserves
  • Reserves and resources: Table 1
  • Sedimentary Basins Map
  • Blocks Awarded and Relinquished
  • 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 24
  • Fiscal terms: Table 25
  • GEM models
  • Fiscal terms: Table 27
  • Fiscal terms: Table 28
  • OALP block awards
  • Exploration: Table 1
  • Exploration: Table 2
  • NELP IX Map
  • NELP VIII Map
  • NELP VII Map
  • NELP VI Map
  • CBM Licensing
  • Exploration: Table 3
  • Drilling Activity by Well Type
  • Liquids Production
  • Production: Table 1
  • Production: Table 2
  • Gas Production
  • Production: Table 3
  • Production: Table 4
  • India Oil Infrastructure Map
  • India Gas Infrastructure Map
  • Costs: Table 1
  • Costs: Table 2
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 19
  • Fiscal terms: Table 20
  • Fiscal terms: Table 21
  • Fiscal terms: Table 22
  • Fiscal terms: Table 23

What's included

This report contains:

  • Document

    Country Overview

    PDF 8.50 MB

  • Document

    Country Overview

    XLS 1.01 MB