Tuesday, February 24, 2015

Ministry of Petroleum and Natural Gas (Government of India)

http://petroleum.nic.in/

Why Invest in E&P Sector?
Prospectivity
-Prospectivity of Indian sedimentary basins is yet to be properly established. large possible reserves trapped in Indian sedimentary basins, which are yet to be discovered and developed.
Every fifth block is hydrocarbon discovery block under NELP i.e. 42 discovery block out of 203 blocks till NELP-VII where E&P inputs were provided for.

Demand-Growing economy and population growth are the main drivers for oil & gas demand, increasing every year.

Price - International crude oil price.
 
Infrastructure - Surplus refining capacity and natural gas pipeline network.
Proposed Uniform Licensing Policy - Rights to explore all type of hydrocarbons – conventional and non-conventional. Other proposed fiscal incentives for ultra deep-water blocks.
100% FDI is allowed in Exploration & Production
Supportive Government Regime

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