ONGC

Indias economic growth, as with all other

countries, is closely linked to energy demand. The
need for oil and gas, which are among the primary
sources for meeting energy requirements, is thus
projected to grow further.
To meet this demand, the government has
adopted several policies, such as allowing 100 per
cent foreign direct investment (FDI) in several
segments of the sector, including petroleum
products, natural gas, pipelines, and refineries.

High Consumption
India is the worlds fourthlargest energy consumer
(2011); oil and gas account for
37.3 per cent of total energy
consumption
Buoyant economic growth is
the main factor driving the
countrys energy requirements

Supportive FDI
guidelines

100 per cent Foreign Direct

Investment (FDI) is allowed in
upstream and private sector
refining projects
The FDI limit for public sector
refining projects has been raised to
49 per cent

Skilled workforce

About 139,068 people were

employed in the petroleum
industry at the end of FY12
The University of Petroleum and
Energy Studies in Dehradun,
Uttarakhand, is Asias first and
only energy university

Advantag
e
India
Policy support

Government has enacted various

policies such as the New
Exploration Licensing Policy
(NELP) and Coal Bed Methane
(CBM) policy to encourage
investments across the industrys
value chain

Scenario

Investment:ONGC
Future prospect :
The Government of Assam has
agreed to allow the clearing of
forest areas that were hindering
a major investment by ONGC.
ONGC will explore 30 additional
shale gas wells in the country
over the next two years. The
company plans to invest about
Rs 600 crore (US$ 96.81 million)
for the project