DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vx52n7/oil_and_gas) has announced the addition of the "Oil & Gas Sector Development in India 2013 along with Project Database" report to their offering.
India's demand for energy has risen by more than 70 percent. And this trend is expected to continue in the next decade making India the third largest energy consumer globally by 2020. With the growth in automobiles, power and fertilizers, oil and gas as an energy source now represents more than 45 percent of the country's total energy consumption. Over the last few years, Indian Government has also played a pivotal role in strengthening the core industrial sector.India's O&G sector is a promising one as there is a huge untapped potential basin while many large blocks offshore are unexplored. India's total hydrocarbon reserves are projected to be around 2 billion metric tonne of Oil Equivalent (bmtoe).
Also, the reserves-to-production ratio for the country works out to be 25 years with the current oil production level of around 815,000 barrels per day (bpd) and estimated reserves of 1.2 billion metric tonne (bmt). This report sees a bright future for the gas sector is seen as well wherein reserves-to-production ratio is over 30 years (the current production level being around 40 billion cubic metres [bcm] per annum on an estimated reserves base of around 1,500 bcm).
Thus, there lies a great opportunity for international and domestic companies to participate in the industry's growth and derive benefits out of it. In this backdrop the report provides an overview of each of the key sub-segments of the Oil and Gas industry in India along with detailed information on the Upstream, Midstream and Downstream processes. It also provides information about major exploration blocks (NELP &CBM), pipelines, LNG Terminals and refineries. This report will present detailed information on 272 NELP blocks, 34 Coal Based Methane Blocks (CBM) and provide detailed information on existing, under construction and proposed pipelines and refineries comprising of Product, Crude oil and Liquidified petroleum gas (LPG) respectively. Information about key regulatory and fiscal regimes is also provided in the report.
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