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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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Annual upstream capex by company typeGas production outlook by field type
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