India upstream summary Report

Country Report 29 May 2025

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Report summary

Gas production poised for near-term growth - The preceding decade (2010 - 2020) witnessed a decline in natural gas production, primarily due to underperformance of the D1&D3 gas fields. However since 2021, production has rebounded with the Dhirubhai-34 and satellite cluster in the D6 area coming onstream, followed by the D-55 field in 2023. During 2022-23 ONGC completed the redevelopment of its western offshore fields including Vasai (East), Mumbai High and Heera contributing to ...

Executive summary
Key facts
Location maps
Key companies
Geology
- Introduction
- Krishna-Godavari basin
- Mumbai offshore basin
- Cambay basin
- Rajasthan basin
- Cauvery basin
- Assam - Arakan basin
- Kachchh basin
- 4 more item(s)...
Exploration
- Licensing
- Hydrocarbon Exploration and Licensing Policy (HELP)
  - OALP
  - OALP-I
  - OALP-II and III
  - OALP-IV
  - OALP-V
  - OALP-VI and VII
  - OALP-VIII
  - OALP-IX
  - 5 more item(s)...
- NELP
  - NELP IX
  - NELP VIII
  - NELP VII
  - NELP VI
  - NELP V (2005)
  - NELP IV (2003-2004) and NELP III (2002)
  - NELP II (2000-2001) and NELP I (1999-2000)
- Coalbed Methane (CBM)
  - Special CBM Bid Round - III (2025)
  - Special CBM Bid Round - II (2022)
  - Special CBM Bid Round - I (2021)
  - CBM-IV (2009)
  - CBM-III (2006)
  - CBM-II (2004) and CBM-I (2002)
- Drilling
  - Drilling activity
- Future activity
- Historical Activity (till 1998)
  - Onshore drilling
  - Offshore Exploration
- Key Activity (1999 - 2020)
- 1 more item(s)...
Reserves and resources
Production
- Oil/Liquids
  - Future Production
  - Historical Production
- Gas
  - Future gas production
  - Historical gas Production
Infrastructure
- Oil infrastructure
  - Crude Pipelines
  - Refineries
- Gas infrastructure
  - Introduction
  - GAIL Pipelines
  - GSPL Pipelines
  - PIL Pipelines
  - GIGL Pipelines
  - ONGC Gas Infrastructure: Uran and Hazira
  - Expansion of gas network
  - Gas marketing
  - 1 more item(s)...
Policy and regulation
- Key legislation
  - Organisation of the Indian Oil & Gas Industry
- State oil company
  - Oil & Natural Gas Corporation Limited (ONGC)
  - Oil India Limited (OIL)
  - GAIL India (GAIL)
  - Indian Oil Corporation (IOC)
- State participation
- Licensing
  - Licence Term
  - Work Obligation
  - Relinquishment
Fiscal terms
- Overview
- Upstream
  - Production Sharing Contract Regime
  - Concession Regime
  - Coal bed methane (CBM) terms
  - Revenue Sharing Model (RSM) terms
- Current fiscal terms
- Revenue Sharing Model (RSM) Terms
  - State equity participation
  - Bonus, rental and fees
  - Indirect taxes
  - Royalty
  - Cost recovery
  - Revenue sharing
  - Contract period
  - Corporate income tax
- Production Sharing Contracts (PSCs)
  - State equity participation
  - Bonus, rental and fees
  - Signature bonuses
  - Production bonuses
- Indirect Taxes
  - Value Added Tax (VAT)
  - Import duties
  - Withholding tax on sub-contractors
  - Royalty and other production taxes
  - Royalty
  - NELP Rounds
- CBM Policy
  - State equity participation
  - Bonus, rental and fees
- Indirect Taxes
  - Value Added Tax (VAT)
  - Import duties
  - Withholding tax on sub-contractors
  - Royalty
  - Profit split
- 13 more item(s)...