Oil Industry

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Ejvind Vøgg – Own Man in India

The Indian Oil and Gas Industry
DIBD – OMII

Own Man In India
April 2012

Ejvind Vøgg – Own Man in India

Introduction to the Indian Oil and Gas Industry
• Current market situation • Growth of Indian Oil and Gas industry • Competitive Landscape • Nordic and Danish player • SWOT

Ejvind Vøgg – Own Man in India

Current market situation - OIL
• The Indian Oil and Gas industry plays an important role in the Indian economy with major refineries and gas companies in the country.

• Indian oil and gas sector is majorly controlled by state owned Oil and Natural Gas Corporation (ONGC) which accounts for approx. 60% of India’s crude oil output. • The Indian Oil industry consumption was around 3.27 mn barrels per day (b/d) in 2011 compared to around 3.15 mn b/d in 2010 and is expected to reach around 4.08 mn b/d by 2016. • Indian refinery industry has around 21 refineries with total oil refinery capacity being around 3.6 mn b/d which is expected to reach around 4.29 mn b/d by 2016. • India imports around 70% of the total oil needed, from countries like Saudi Arabia, Iran, UAE, etc, and has spent around US$ 91,490 million (mn) in 2011 on imports.

Ejvind Vøgg – Own Man in India

Current market situation - GAS
• Indian Natural Gas consumption was around 67.7 billion cubic meter (BCM) during 2011 with an increase of 57% since 2006. • India imports around 23% of the total gas needed from Iran, Pakistan, Afghanistan, Myanmar, Qatar and has spent around US$ 8,405 mn on imports in 2011.

Ejvind Vøgg – Own Man in India

Growth of Indian oil industry
4 3,5 3 2,5 2 Oil production & consumption in mn Oil production in mn b/d 1,5 1 0,5 0 Oil consumption in mn b/d

TIMELINE b/d – Barrels per day

Ejvind Vøgg – Own Man in India

Growth of Indian gas industry
120

100

80

60 Gas production & consumption in mn Gas production in BCM 40 Gas consumption in BCM

20

0

TIMELINE BCM – billion cubic meters

Ejvind Vøgg – Own Man in India

Competitive Landscape
• India has a largely state-controlled oil and gas sector. • The main government upstream vehicle is ONGC, which accounts for two-thirds of India’s crude oil and natural gas production. It is diversifying into refining and oil distribution. • Privately owned domestic conglomerate Reliance Industries also participates in the Indian exploration and refining segments, with BP set to be a key partner in domestic upstream activities.

Ejvind Vøgg – Own Man in India

Key government players in the Indian oil and gas industry
Company name Activities Office locations Total turnover in India in USD $

ONGC

Oil and gas production

North India, Uttarakhand
North India, New Delhi

12 billion

Oil India

Crude oil production

1.6 billion

Indian Oil corporation

Petroleum products

North India, New Delhi

54.6 billion

BPCL

Oil production

West India, Maharashtra West India, Maharashtra

26.4 billion

HPCL

Refinery

23.8 billion

GAIL

Natural gas

North India, New Delhi

5 billion

Ejvind Vøgg – Own Man in India

Key private players in the Indian oil and gas industry
Company name Activities Office location Total turnover in India USD $

Reliance Industries Limited

Natural gas

West India, Maharashtra

43 billion

Essar Oil

Refinery

West India, Maharashtra

9,61 billion

Adani Gas

Gas distribution

West India, Gujarat

5.37 billion

Cairn Energy

Oil exploration

North India, Haryana

1.6 billion

Ejvind Vøgg – Own Man in India

Major refineries in India
• Indian Oil Corporation

• BPCL

•Reliance Industries •Essar Oil •Indian Oil Corporation •BPCL •HPCL

•Indian Oil Corporation

• HPCL

• Indian Oil Corporation

•Indian Oil Corporation •BPCL

Ejvind Vøgg – Own Man in India

Map with oil and gas rigs in India

•ONGC •OIL •Cairn Energy

•ONGC •OIL •ONGC

•ONGC

•ONGC

•ONGC •OIL •Reliance...
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