Country Report

India upstream summary

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30 August 2018

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 ...

Table of contents

    • Recent initiatives by the government to revive the sector
  • 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
    • 2016 Discovered Small Fields Round (DSF-1)
    • 2018 Discovered Small Fields bid round (DSF-2)
    • 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
    • Oil/Liquids
      • Historical Production
      • 2005 - 2014
      • Future Production
    • Gas
      • Historical Gas Production
      • Current and Future 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:

  • Key facts: Table 1
  • Location maps: Image 1
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Liquids and Gas Production 2016
  • Net Acreage 2018
  • Remaining and Produced Liquids and Gas Reserves
  • Reserves and resources: Table 1
  • Liquids Production
  • Gas Production
  • Sedimentary Basins Map
  • Blocks Awarded and Relinquished
  • Exploration: Table 2
  • Drilling Activity by Well Type
  • 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 23
  • Fiscal terms: Table 24
  • GEM models
  • Fiscal terms: Table 26
  • Fiscal terms: Table 27
  • Exploration: Table 1
  • Exploration: Table 3
  • Exploration: Table 4
  • NELP IX Map
  • NELP VIII Map
  • NELP VII Map
  • NELP VI Map
  • CBM Licensing
  • Exploration: Table 5
  • 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 18
  • Fiscal terms: Table 19
  • Fiscal terms: Table 20
  • Fiscal terms: Table 21
  • Fiscal terms: Table 22

What's included

This report contains:

  • Document

    Country Overview

    PDF 14.24 MB

  • Document

    Executive summary

    PDF 708.18 KB

  • Document

    Key facts

    PDF 685.31 KB

  • Document

    Location maps

    PDF 4.35 MB

  • Document

    Key companies

    PDF 714.19 KB

  • Document

    Geology

    PDF 1.22 MB

  • Document

    Exploration

    PDF 3.09 MB

  • Document

    Reserves and resources

    PDF 725.69 KB

  • Document

    Production

    PDF 739.88 KB

  • Document

    Infrastructure

    PDF 7.41 MB

  • Document

    Costs

    PDF 709.84 KB

  • Document

    Policy and regulation

    PDF 708.86 KB

  • Document

    Fiscal terms

    PDF 812.68 KB

  • Document

    Country Overview

    XLS 1.04 MB

  • Document

    Country Overview

    ZIP 14.19 MB

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