![The oil and gas industry in India: Facts
• The first oil deposits in India were discovered in 1889 near the town of [Digboi] in the state of Assam
• In 1959 Oil India Limited and other petroleum companies were nationalized and the sector was taken over and run by the government till 1991
• Since liberalization in the 90s the government has taken slowly opened the sector to private players in terms of exploration and distribution
• India will overtake Japan to become the world’s third largest oil consumer behind the US and China by 2025.
• From 2009 to 2013, India’s primary energy consumption increased at a CAGR of 5.3%, while global consumption rose at a CAGR of 3%.
• India’s oil and gas consumption is much lower as compared to other countries. In 2013, India’s per capita consumption of oil and gas was 176.9 Kg of oil
equivalent (kgoe), while the global average was 1,011.4 kgoe.
3.1
3.2
3.3
3.5
3.7
3.7
FY08
FY09
FY10
FY11
FY12
FY13
2.8 3 3.2 3.4 3.6 3.8
Crude Oil Consumption in MBPD
0.7
0.7
0.7
0.8
0.8
0.8
FY08
FY09
FY10
FY11
FY12
FY13
0.64 0.66 0.68 0.7 0.72 0.74 0.76 0.78 0.8 0.82
Domestic Crude Oil Production in MBPD](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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- 1. Atulya Srivastava Oil and Gas industry in India
- 2. The oil and gas industry in India: Facts • The first oil deposits in India were discovered in 1889 near the town of [Digboi] in the state of Assam • In 1959 Oil India Limited and other petroleum companies were nationalized and the sector was taken over and run by the government till 1991 • Since liberalization in the 90s the government has taken slowly opened the sector to private players in terms of exploration and distribution • India will overtake Japan to become the world’s third largest oil consumer behind the US and China by 2025. • From 2009 to 2013, India’s primary energy consumption increased at a CAGR of 5.3%, while global consumption rose at a CAGR of 3%. • India’s oil and gas consumption is much lower as compared to other countries. In 2013, India’s per capita consumption of oil and gas was 176.9 Kg of oil equivalent (kgoe), while the global average was 1,011.4 kgoe. 3.1 3.2 3.3 3.5 3.7 3.7 FY08 FY09 FY10 FY11 FY12 FY13 2.8 3 3.2 3.4 3.6 3.8 Crude Oil Consumption in MBPD 0.7 0.7 0.7 0.8 0.8 0.8 FY08 FY09 FY10 FY11 FY12 FY13 0.64 0.66 0.68 0.7 0.72 0.74 0.76 0.78 0.8 0.82 Domestic Crude Oil Production in MBPD
- 3. The oil and gas industry in India: Industry StructureTheOilandGasindustrycomprises ofthefollowingsegments Producers (Upstream): Companies that are engaged in actual production of oil and natural gas India is a net importer of crude oil with ~70% of the demand being met through exports The sector is divided between state run producers like ONGC,OIL and private players like Reliance, Cairn Refiners (Midstream): Companies that are engaged in refining crude oil to useful petroleum products . India has excess refining capacity and is a net exporter of petroleum products like diesel This sector is divided between private players like Reliance and PSUs like IOC,BPCL,HPCL Distributers (Downstream):Companies involved in actual distribution of petroleum products like Petrol and Diesel to the end consumer State run companies like BP, HP and IOL are the biggest players in the market due to fuel subsidies given to them by the government Private players like Shell, Essar and Reliance have also entered the market since the removal of fuel subsidies to PSUs 45% 10%7% 7% 5% 26% Current refinery capacity by company IOC BPCL HPCL MRPL CPCL 44% 19% 18% 13% 6% Distribution Market share by company IOC BPCL HPCL Pvt Players Others