INDIA

(in South Asia)

CAPITAL: NEW DELHI

POPULATION: 1,096,000 mm

AREA (on): 3,287,600 km2

OIL PEAK: 2007

SUPPLY

India produces most of its oil from the Mumbai (Bombay) High area offshore on the west. Other production arises from onshore fields in the Cambay region north of Mumbai, offshore fields in the southeast, and a series of old onshore fields in the Assam region north of Myanmar.

All these areas are mature and oil output has been at plateau since 1996. Onshore oil began to decline in 2002 but will recover in 2009 as new output is established from a series of fileds found in Rajasthan state. Offshore oil increased from 2002 due primarily to remedial work on the Mumbai High field but a plateau is expected for the next decade with new fields on the east just offsetting decline in the west.

Gas production primarily comes from the Mumbai High region and most fields here are at peak, however new very large deep water discoveries on the east are leading to steadily growing gas output.

 

DEMAND

The Indian economy is expanding rapidly and oil consumption is increasing, although not quite as fast as in China. Consumption growth will probably eventually be held back after 2016 by high prices and a growing import bill as indigenous oil output declines.

Gas demand is also growing. Although major new developments are planned in deep waters on the east of the country, India has also begun to import gas as LNG and may, in the long term, tap gas by pipeline from Myanmar or Pakistan.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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