Insight
Size (and location) matters: India announces 2016 Discovered Small Fields awards
Report summary
India awarded 31 of the 46 contracts offered under the 2016 Discovered Small Fields bid round. These contracts consist of 44 fields with estimated in place volumes of 424 mmboe, 72% of which is in shallow waters. The 31 contracts are spread across 16 operators, 15 of which are Indian entities. Bharat Petro Resources Limited (BRPL), was awarded five blocks, the most of any awardees. The revenue sharing model (RSM) regime is now active, removing cost recovery but allowing full marketing and pricing freedom.
Table of contents
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Executive summary
- "Newer" explorers for small fields
- Onshore contracts feel the rush, thumbs down for KG offshore
-
Aggressive government revenue shares for proven onshore areas
- Pricing freedom and cost control will create value in larger contracts
- but most blocks will struggle to provide returns at current volumes
- All's well that end's well?
Tables and charts
This report includes 5 images and tables including:
- Contracts by shore status
- Contract awards by operator type
- Government share of post-royalty revenue bid by winning companies
- D-18 cluster value analysis
- Dipling cluster value analysis
What's included
This report contains:
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