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India ushers in major upstream changes to revive oil and gas sector

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Report summary

The Indian government finally acted to revitalise the upstream sector by approving a series of key policy changes on 10 March 2016. The changes some of which have been under consideration for nearly two years will introduce enhanced pricing for challenging gas projects a simplified licensing regime with pricing freedom and improved clarity around contract extensions. The moves come on the back of dropping gas output and dwindling IOC participation in the upstream space.

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    India ushers in major upstream changes to revive oil and gas sector

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This report includes 2 images and tables including:

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  • Annual upstream capex by company type
  • Gas production outlook by field type

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