RnR Market Research Offers â€œIndia Oil and Gas Report Q1 2013â€? Report at US$ 1175 (Single User License). The report got published in Dec 2012 & contains 126 pages.
A cloud of disappointment is hanging over the Reliance-operated KG-D6 gas block in termsof both reserves and production. The government is clearly concerned and the field partners, nowincluding BP, are being forced to overhaul investment plans and strategy. India remains confronted by amajor gas dilemma, with soaring demand pointing to increased imports, but onshore (CBM and shale)and offshore resource potential still suggesting scope for dramatically higher domestic supply. The main trends and developments we highlight for the Indian Oil & Gas sector are: BMI estimates that Indian total liquids production has been 982,400 barrels per day (b/d) in 2012. This figure is very close to the previous year's outturn, but volumes should head higher in 2013 on theback of rising production from the Bhagyam and Mangala fields in the Rajasthan block. Production atMangala has ramped up to the currently approved plateau rate of 125,000b/d. In addition, Bhagyamhas the potential to produce 40,000b/d and Aishwariya another 10,000b/d. Total Indian crude oilproduction dipped by 0.6% yearon-year (y-o-y) to 763,270b/d in August 2012, Dow JonesNewswires reported in late September - failing to hit a government target of 797,800b/d. The second largest field, Bhagyam, came on-stream in January 2012. Following the government'sapproval of higher Mangala off-take of 150,000b/d, production at the block has been raised to175,000b/d. Beyond 2015, we have pencilled in a y-o-y decline in Indian production, pending thecommercialisation of new oil discoveries. Oil imports are assumed at 2.42mn b/d in 2012 and are setto reach almost 3.03mn b/d by 2017. BMI's demand outlook suggests consumption of an estimated3.40mn b/d in 2012 will rise steadily to 4.01mn b/d by 2017. Given forecast consumption of 4.54mnb/d, implied 2021 oil imports are put at 3.60mn b/d. Gas demand is rising fast across the industrial, residential and power sectors and consumption hasrisen more than 160% since 1995. Average annual demand growth of at least 8% is forecast over thenext several years, accelerating as domestic field development and liquefied natural gas (LNG) importdeals make more gas available. We expect 2012 gas production has been lower at around 43.5bncubic metres (bcm) thanks to the disappointing performance of KG-D6. We are predicting total gasconsumption of at least 127bcm in 2017, up from an estimated 76bcm in 2012. By 2021, demand isput at 166bcm, requiring net imports of around 91bcm. India has set up a committee to review the country's existing production sharing contracts (PSCs) withoil and gas companies. According to an official statement, the objective is to look into the design offuture PSCs in order to 'enhance production of oil and gas and the government's share' while'minimising procedures for monitoring the expenditure of producers'. The main issues in this revieware: profit-sharing mechanism in PSCs; alternative models that can maximise output (and thegovernment's associated share) more effectively; how to improve the management of PSCimplementation; and possible reforms to the gas price regulatory mechanism. Check For Discount for this report @ http://www.rnrmarketresearch.com/contacts/discount?rname=64891
India will allow foreign oil and gas companies to bid in its first round of shale-gas licensing, which isexpected in 2013 as part of efforts to fast-track exploration for unconventional resources. Accordingto a draft shale gas policy document on the oil ministry's website, the government will exemptexplorers from payment of customs duties on imports of shale gas exploration equipment. Anotherincentive aimed at attracting investors is a plan to keep shale oil output tax-free. Estimates of shalereserves in India vary widely, with the US Geological Survey assessing technically recoverable shalereserves of 173bcm in three out of 26 sedimentary basins in India. This is around a 10th of the USEnergy Information Administration (EIA)'s estimate of 1,785bcm in four basins. In order to attract foreign bidders, India will also introduce a new production sharing system, underwhich explorers will offer a fixed percentage of revenue on gas sales to the government, according tothe draft policy document. Under existing PSCs for conventional oil and gas blocks, the governmentuses a cost-recovery method under which it shares profit once the contractor has recovered costs. Thenew system will minimise government intervention and accounting complications, according to thedocument. India's import dependency will become increasingly expensive. At the time of writing we assumed anOPEC basket oil price for 2012 of US$107.10 per barrel (bbl), falling to US$99.10/bbl in 2013. For2012, oil and gas import costs are put at US$111.8bn, but could reach US$134.8bn in 2017 and rise toUS$161.7bn by 2021. Table Of contents BMI Industry View SWOT Analysis India Oil and Gas SWOT Industry Forecast Scenario Oil And Gas Reserves Table: India Proven Oil & Gas Reserves And Total Petroleum Data, 2010-2016 Table: India Proven Oil & Gas Reserves And Total Petroleum Long-Term Forecast, 2015-2021 Oil Supply And Demand Table: India Oil Production, Consumption And Net Exports, 2010-2016 Table: India Oil Production, Consumption And Net Exports, 2015-2021 Gas Supply And Demand Table: India Gas Production, Consumption And Net Exports, 2010-2016 Table: India Gas Production, Consumption And Net Exports, 2015-2021 Unconventional Gas LNG Refining And Oil Products Trade Table: India Refining - Production And Consumption, 2010-2016 Table: India Refining - Production And Consumption, 2015-2021 Revenues/Import Costs Key Risks To BMI's Forecast Scenario Country Risk/Reward Ratings India Upstream Rating - Overview India Upstream Rating - Rewards India Upstream Rating - Risks India Downstream Rating - Overview Regional Risk/Reward Rating Table: Asia's Oil & Gas Risk/Rewards Ratings Table: Asia Upstream Risk/Reward Ratings
Table: Asia Downstream Risk/Reward Ratings India Energy Market Overview Overview/State Role Licensing And Regulation Government Policy Fuel Prices Licensing Rounds International Energy Relations Table: India - Upstream Projects Database Oil And Gas Infrastructure Oil Refineries Table: Downstream Projects Bina Refinery Vizag Refinery Paradip Refinery Bhatinda Refinery Other Refinery Projects Oil Storage Facilities Service Stations Oil Pipelines LNG Terminals Table: LNG Terminals In India Ratnagiri LNG Kochi LNG Orissa LNG Gas Storage Facilities Gas Pipelines Competitive Landscape Executive Summary Table: Key Players - India Oil And Gas Sector Table: Key Upstream Players Table: Key Downstream Players Company Profiles Oil & Natural Gas Corporation (ONGC) Indian Oil Corporation (IOC) Reliance Industries Hindustan Petroleum Corporation (HPCL) Bharat Petroleum Corporation Ltd (BPCL) GAIL (India) Cairn India Essar Oil Gujarat State Petroleum Corporation Petronet LNG BP - Summary BG Group - Summary Shell - Summary Total - Summary
Oilex - Summary Eni - Summary Others - Summary Regional Energy Market Outlook Table: Number Of Rigs In Operation In Asia Global Energy Market Outlook Table: Global Oil Demand Forecasts - A Comparison Asia - Regional Appendix Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) Table: LNG Exports - Historical Data & Forecasts, 2009-2016 (bcm) Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm) Methodology And Risks To Forecasts Glossary Of Terms Oil & Gas Risk/Reward Ratings Methodology Ratings Overview Table: BMI's Oil & Gas Business Environment Ratings - Structure Indicators Table: BMI's Oil & Gas Upstream Ratings - Methodology Table: BMI's Oil & Gas Business Environment Downstream Ratings - Methodology BMI Methodology How We Generate Our Industry Forecasts Energy Industry Cross checks Sources Buy Your Report Copy @ http://www.rnrmarketresearch.com/contacts/purchase?rname=64891 For more details contact Mr. Priyank Tiwari: email@example.com / +18883915441 Website: http://www.rnrmarketresearch.com/
Published on Dec 28, 2012
RnR Market Research presents India Oil and Gas Report Q1 2013 market report on it's collection.India will allow foreign oil and gas companie...