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Oil and Gas Production in India can have significant advances if exploration is intensified and we move to develop a gas based economy. This requires a stable fiscal regime, stronger regulatory structures and a policy framework which is conducive to attracting risk capital. For more info log onto www.cairnindia.com
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Oil & Gas in India – Facilitating Exploration and Production Activities
15th Energy Summit, Indian Oil & Gas Sector – To meet future energy needs
Facilitating Exploration & Production
4 January, 2013
P Elango
CEO
2 Oil & Gas in India – Facilitating Exploration and Production Activities
US has seen a tenfold increase in shale gas production
over the last six years
China has seen a doubling of gas production in the last six
years in a PSC regime
Norway has seen significantly increased E&P activities
Brazil has increased crude production by four times in last
six years
It is possible
Source: CII, 2012
3 Oil & Gas in India – Facilitating Exploration and Production Activities
Brazil – A Success Story
6.1
5.5
5.7
4.8
8.5
15.1
4
8
12
16
1991 2001 2011
Re
se
rve
s (B
illio
n b
bls
) India
Brazil
Source: BP Statistical Review of World Energy 2012
45%
68%
75%
57%
34%
17%
10%
20%
30%
40%
50%
60%
70%
80%
1991 2001 2011
Imp
ort
De
pe
nd
en
ce
India
Brazil
677 727
858 643
1337
2193
500
1000
1500
2000
2500
1991 2001 2011
Pro
du
ctio
n(
k b
bls
)
India
Brazil
4 Oil & Gas in India – Facilitating Exploration and Production Activities
Intensify Exploration - Explore wider, deeper & faster
Develop Gas based economy - cleaner, cheaper & plenty
Roadmap for Growth
5 Oil & Gas in India – Facilitating Exploration and Production Activities
Move 50% of the
sedimentary basins
to the moderately –
to-well-explored
category in the next
five years
Intensify Exploration
Conducive policy framework to
attract risk capital
Stable fiscal regime
Strengthening regulatory
structure
6 Oil & Gas in India – Facilitating Exploration and Production Activities
-20%
0%
20%
40%
60%
80%
100%
120%
0 5 10 15 20 25 30 35
Imp
ort
de
pe
nd
en
ce
Share of Natural Gas in Primary Energy Consumption
USA
China India
Japan
Source: BP Statistical Review of World Energy 2012, IEA Energy Statistics 2012
Develop a gas-based economy
Size of the Bubble is GDP, billion 2005 US$
7 Oil & Gas in India – Facilitating Exploration and Production Activities
Let’s not differentiate between the same hydrocarbon
molecule
Build pipelines to consume and source
Market determined pricing to generate surplus to reinvest in
exploration
Get end-use sectors ready for gas
What needs to be done?
Oil & Gas in India – Facilitating Exploration and Production Activities
15th Energy Summit, Indian Oil & Gas Sector – To meet future energy needs
Thank You
