Bright Fu­ture for In­dian Oil and Gas

Chemical Industry Digest - - Oil Exploration -

The scope for the In­dian oil and gas in­dus­try is vast, with many prospec­tive on­shore and off­shore field de­vel­op­ments across the coun­try. A pro­jected cu­mu­la­tive in­vest­ment of USD 40 bil­lion over the next five years is ex­pected to re­sult in a ten per­cent in­crease in domes- tic pro­duc­tion. A sig­nif­i­cant per­cent­age of this growth is likely to be from deep­wa­ter and ul­tra-deep­wa­ter de­vel­op­ments.

In­dia is also a sig­na­tory of the Paris Agree­ment and has com­mit­ted to re­duc­ing car­bon emis­sions by up to 35 per­cent from 2005 lev­els by 2030. The com­bi­na­tion of an in­creas­ing need for en­ergy and an em­pha­sis on min­imis­ing en­vi­ron­men­tal im­pact makes tech­no­log­i­cal de­vel­op­ment a key fac­tor in the growth of the In­dian oil and gas in­dus­try.

Ref­er­ences

1. https://www.ndrdgh.gov.in/NDR/maps

2. http://www.dghin­dia.org/Im­age/Sed­i­men­ta­ry_Map.jpg

3. www.nishithde­sai.com – Oil and Gas In­dus­try in In­dia, Le­gal, Reg­u­la­tory and Tax, Feb 2018

4. https:// www. uio. no/ studier/ em­ner/ mat­nat/ math/ MEK4450/h11/un­der­vis­nings­ma­te­ri­ale/modul-5/MEK4450_ Flow As­sur­ance_ pen sum -2. pdf.

Fig­ure 5 – First sub­sea gas com­pres­sion fa­cil­ity. Source – Aker So­lu­tions

Fig­ure 4 – Sub­sea mod­ules in­stalled on sea bed with on­go­ing tie-in op­er­a­tion. Source – Aker So­lu­tions

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