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O&G Fields, Refineries & RLNG Terminals in India:
Tracking Opportunities and Outlook Till 2022
(Segment Wise Outlook for various facets of Oil and Gas industry like
Exploration and Production, Refineries and RLNG Terminals up to 2022. This
Report also covers the Conventional as well as Unconventional opportunities
associated with these facets)
E-REP Outlook Series
October 2016
© enincon consulting llp 2016
Growing Economy coupled with Increased Petroleum Products consumption has
uplifted India one notch up to become the 3rd Largest Oil Consumer in the World. India
accounts about 4.5% of Worlds Crude Oil Consumption. But the domestic production
of crude oil and natural gas are not growing at a rate to cope up with the increasing
demand which makes the country heavily import dependent.
Exhibit 1: Crude Oil Imports in India - MMT
ILLUSTRATIVE
The growth of Indian upstream sector was plagued mainly by poorly explored sedimentary basin, declining private and foreign participation,
lack of proper technology and non- transparent policies. In order to reduce the import dependence of the country, the government has taken
many measures to ramp up domestic production like introduction of HELP, 100% FDI in upstream, auctioning of 67 Small Oil and Gas Fields
with newly introduced investor friendly terms, Pricing freedom of gas produced from difficult fields etc. In the case of Midstream many new
pipelines are coming up across different states to provide an unbiased access of hydrocarbons to meet their energy demand. For downstream,
the deregulation of Petrol and Diesel prices along with the increase of automobile population attracts private players who are existing as well
as new to the Indian Fuel retailing segment. The anticipated increase in fuel demand as well as government initiatives like increasing the
customer base of LPG Consumers, Upgradation of automobile fuel from BS-IV to BS-VI by 2020,etc. calls for many green and brown field
refinery projects. The expected futuristic growth of Indian Oil and Gas Sector holds immense conventional as well as novel opportunities for
the investors to explore.
Research Base
Source: MoPNG, ENINCON Research & Analysis
Exhibit 2: Natural Gas Imports in India - MMT
ILLUSTRATIVE
Source: MoPNG, ENINCON Research & Analysis
Research Base
Increase in
India’s Crude
Oil and Natural
Gas Imports
by 2015-16
compared
to
2014-15
5.17 %
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O&G Fields, Refineries & RLNG Terminals in India:
Tracking Opportunities and Outlook Till 2022 I 2
9.15 9.93
13.21 13.14 13.03 14.09
19.95
0
5
10
15
20
25
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Demand - Supply Gap
159.259 163.595 171.729 184.795 189.238 189.432 199.222
0
50
100
150
200
250
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Demand- Supply Gap
41.54 %
Crude
Oil
Natural
Gas
Research Case
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O&G Fields, Refineries & RLNG Terminals in India:
Tracking Opportunities and Outlook Till 2022 I 3
Business Case
© enincon consulting llp 2016
Indian Oil and Gas Sector is about to witness a revolutionary change with the changing investment climate as
well as shifting of global demand centers to the country. The recent trend reveals the tendency of many foreign
as well as local private players to venture into Indian Oil and Gas Sector which may expose the industry to huge
investment opportunities in the near future.
Indian Upstream Segment has witnessed many new policies as well as administrative
initiatives from the current central government like introduction of HELP, Marketing as well as
pricing freedom for gas produced from difficult fields, Possible relaxation and extension in
PSC for early monetization of Hydrocarbon Discoveries. Along with these the Recent
Discovered Small Oil and Gas Fields Auction -2016 and government’s target to reduce the oil
imports by 10% holds enormous opportunities for the existing as well as new players in
Indian Oil and Gas Sector.
Upstream
Indian Midstream Segment was dormant in the recent past. But it is expected to
have a revival in the near future mainly with the realization of projects like natural
gas grid across the country, Smart Cities and CGD Projects. This hold huge
opportunities in creating as well as the utilization of the pipeline network.
Midstream
Indian is witnessing double digit growth in fuel sales. This is attracting
many foreign as well as domestic private players to venture into fuel
retailing business. The expected increased demand of fuel and the
regulatory mandates to curb pollution like switching over to Euro VI
calls for many brownfield as well as green field projects in refinery as
well as fuel retailing. The efforts of government to move to a gas
based economy is encouraging the usage of natural gas which entails
huge opportunities in setting up as well as de-bottlenecking of
existing LNG Import Terminals
Downstream
“India is set to contribute
more than any other
country to the projected
rise in global energy
demand, around one-
quarter of the total: even
so, energy demand per
capita in 2040 is still 40%
below the world average”
- IEA
Research Objective & Results
ENINCON
The anticipated
dynamics of
Indian Oil and
Gas Sector
taking into
account of
Factual Stats
and Insights.
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O&G Fields, Refineries & RLNG Terminals in India:
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© enincon consulting llp 2016
Exhibit 3: ENINCON Research Objective & Results
ILLUSTRATIVE
Re
sear
ch O
bje
ctiv
e
Re
sear
ch R
esu
lts
1. Study the possible futuristic scenario of Indian Oil and Gas Sector.
2. Study the possible key trends that can shape up the Indian Oil and Gas sector
3. Study the recent happenings in the upstream, midstream and downstream.
4. Create reliable datasets of the Key trends in Oil and Gas Sector.
5. Study the new policies and well as administrative initiatives in Indian Oil and Gas Sector.
1. Presents the anticipated dynamics of both Conventional and Unconventional Hydrocarbons.
2. Assesses the business opportunities across Oil and Gas Value Chain
3. Presents the possible key risks and challenges faced by the Indian Oil and Gas Sector.
4. Provides excellent insights about the various trends that shape up Indian Oil and Gas Sector.
5. Analyzes the possible impact of the new policies as well as administrative initiatives in Indian Oil and Gas Sector.
O&G Fields, Refineries & RLNG Terminals in India:
Tracking Opportunities and Outlook Till 2022 analyzes anticipated dynamics of the Indian Oil and Gas Sector and unveils the possible
future opportunities in the sector. This report attempts to provide the expected business
potential in Indian Oil and Gas Sector and it also includes a detailed track of opportunities for
various players across the value chain players.
ENINCON Outlook series reports
delivers vital domain
knowledge, resolve key
queries and projects
the possible future
market outlook
ENINCON Research &
Services Framework
Research Reports
ENINCON Research
Desk
Business Stakeholders/Partic
ipants
Experts Insights/ Market view
Validated data & analysis
Opportunity mapping
& Market sizing
First hand sector
knowledge & inputs
Gist of the report in .pdf format for
ready use
Free Author
support on report & Competitive
cost
Customized Research Solution
Primary research
inputs from F2F
interviews
ENINCON’S Research Difference
Germinates from minds that think fresh to evolve path finding guide for all stake holders through quality information & analyses
Emanates from seamless integration of domain expertise with first hand industry knowledge and customized research solutions at a very competitive cost
ENINCON’S Service Difference
ENINCON’s DIFFERENCE
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O&G Fields, Refineries & RLNG Terminals in India:
Tracking Opportunities and Outlook Till 2022 I 5
Exhibit 5: Key Queries Resolved
ILLUSTRATIVE
• Details of the upcoming
LNG Terminals and
profitable ways to utilize
LNG Terminals
• What are the GA’s allotted
and proposed GA’s for
upcoming CGD bidding
rounds?
• What are the recent trends
and possible future outlook
in fuel retailing business?
• Statistics of various
activities in Indian Oil
and Gas Sector.
• What would be the future
outlook in Indian Oil and
Gas sector?
• What would be the
possible opportunities
associated with the
recent trends on Indian
O&G Sector?
• What are the key risks and
challenges faced by
Indian Oil and Gas Sector?
• What are the recent
policies introduced in
Indian Oil and Gas
Industry?
• What could be the possible
impacts of recent policies
on various stake holder of
OG industry? • Recent Policies and Regulations
• Current Status of Oil and Gas Sector in India
• Analysis of the recent Discovered Small Oil and Gas Fields Auction
• Details of the upcoming Green Field and Brown Field Projects
Research
agencies, FI
institutions
Associated
Industries
Govt. &
Regulatory
Bodies
Key Queries Resolved
ENINCON
Oil and Gas
Outlook series
analyses the
impact of recent
happenings,
possible trends
and associated
business
opportunities
across the
value
chain.
• What would be the possible
scenario of Oil and Gas
Sector in India by 2022?
• Which are the most
prospective areas of
investment in India n Oil and
Gas Sector?
• How the recent trend would
change the investment
Pattern in Indian Oil
and Gas Sector?
Oil and Gas
Companies, Oil
Filed Service
Providers,
Engineering Firms
Petroleum
Consumers, LNG
Traders, Fuel
Retailers
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O&G Fields, Refineries & RLNG Terminals in India:
Tracking Opportunities and Outlook Till 2022 I 6
Copyright© 2013 ENINCON, All rights reserved
Must Buy For
Exhibit 6: Must Buy For
ILLUSTRATIVE
ENINCON Research reports
delivering domain
knowledge, market
insights & future
outlook
Mu
st B
uy
For
Mu
st B
uy
For
Oil and Gas Companies
E&P agencies
Petroleum Consumers
Policy Makers
Environment Bodies
Fuel Retailers
Oil Field Service Providers
Energy Trading Companies
Equipment Manufacturers
LNG Traders
Government bodies
FII’s/Banks
Educational Institutions
NGOs
IT Service Providers
Consultants
Research firms
Research Bodies/Institutes
Industry associations
Engineering Firms
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O&G Fields, Refineries & RLNG Terminals in India:
Tracking Opportunities and Outlook Till 2022 I 7
Executive Summary xx
Segment I: O&G Fields in India: Tracking Opportunities and Outlook Till 2022
1. A Background of Spirit from NELP to HELP xx
2. Understanding Small O&G Fields in India xx
3. Unblocking the potential of 46 Small O&G Fields ready for bid in India
xx
3.1. For Investors Category Wise Potential xx
a. Eccentric Investors ( Investors from other than Energy Sector)
xx
b. Established Players in the Sector xx
c. Private Equity Players xx
d. Foreign Players xx
3.2. Region wise Potential Distribution xx
3.3. Onshore and Offshore Potential Distribution xx
3.4. Assessing Potential of Reduction in Indian Imports from current 78% to what levels by 2022.
xx
4. Gas Pipeline Infra and Upcoming O&G Fields xx
4.1. Blocks near existing or upcoming pipeline ( in proximity of 100 Km or less)
xx
4.2. Blocks beyond 100 Km’s of existing or upcoming pipeline infra
xx
4.3. Reserve wise positioning of O&G Fields xx
4.4. Mapping High Investment Potential Blocks as per location and reserve
xx
5. Case analysis of an existing O&G Fields on identified parameters
xx
6. Crucial nature of Small O&G Fields and New Policy Regime
xx
6.1. Key Highlights of New Policy and What has Changed
xx
a. Upfront Signature Bonus xx
b. Pricing Freedom Levels xx
c. Oil Cess xx
d. Customs Duty xx
e. Graded Royalty Rate xx
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6.2. Determining Impact of Small O&G Fields on India’s Domestic E&P Segment
xx
7. Domestic Supply Climate and Small Oil and Gas Fields Contribution : Scenario Analysis
xx
7.1. Long Term xx
7.2. Medium Term xx
8. Opportunities for Value Chain Stakeholders xx
8.1. Investment Opportunity xx
8.2. Business Potential
8.3. Macro Risks
a. E&P Players xx
b. E&P Contractors xx
c. OEM’s: Drilling / Rigs / Meters / Valves / Cranes etc.
xx
d. O&G Supply and Pipeline Players xx
9. SWOT Analysis of Category Wise Investors in O&G Fields
xx
9.1. Eccentric xx
9.2. Established xx
9.3. PE xx
8.4. Foreign Players xx
10. Market Outlook till 2022 xx
10.1. Domestic E&P Capacity xx
10.2. Imports Capacity xx
10.3. Pipeline Supply Capacity xx
Segment II: Refineries in India – Tracking Opportunity and Outlook Till 2022
1. Background of Refineries in India: Dynamics between capacity expansions
xx
2. Recent Market Trends xx
2.1. Regional Market Fundamentals xx
2.2. Product Demand xx
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2.3. Refinery Capacity xx
2.4. Refinery Utilization xx
2.5. Product Balances xx
2.6. Trade Flows xx
3. Player Wise Opportunity Track xx
3.1. Established Players xx
3.2. New Players xx
3.3. Price Setting Mechanism xx
3.4. Margins Involved xx
3.5. SWOT Analysis xx
4. Market Outlook till 2022 xx
4.1. Refining Utilization from 2016-2022 xx
4.2. Refining Capacity Addition by Unit and Region by 2022
xx
4.3. Refining Margin Outlook xx
4.4. Light / Heavy Product Differential Outlook xx
5. Pricing Outlook
xx
5.1. Product Pricing Outlook till 2022 xx
Segment III: RLNG Terminals in India: Tracking Opportunity and Outlook Till 2022
1. Background of RLNG Terminals in India xx
2. Market Trend of Gas Supply in India xx
3. LNG Import Trend in India
3.1. By Volume xx
3.2. By Price xx
3.3. By Term
a. Long Term xx
b. Medium Term xx
4. Demand Outlook of LNG by 2022 xx
5. Investment Opportunity in LNG Capacity Creation
xx
5.1. Established xx
5.2. New xx
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5.3. SWOT Analysis xx
6. Challenges & Risks Involved xx
7. EPC Opportunities in RLNG Terminals xx
7.1. Equipment Demand xx
7.2. Procurement Process xx
8. New RLNG Projects to come online by 2022 xx
9. Expected Import flows and Price Development Outlook by 2022 in India for LNG
xx
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