World 

and Indian Energy Scenario 
and Opportunities

Dr Ratnadip R Joshi

References
1.BP World Energy Review
2. ONGC and ONGC Videsh reports

1
India Energy Overview

2
 Business Potential

 India: one of the largest growing economies

 Infrastructure development on big agenda

 One of the largest growing energy markets

 Big opportunities in energy sector

3
 Energy Consumption
Primary Energy consumption (MTOE)

 India: the 5th largest primary energy consumer
2299
2003 CAGR (2008‐2018): 4.5% (global CAGR: 2.2%)
685 4% of total
508
433
330 311
258 240 228

9.89 Per Capita Energy consumption (TOE)

7.76
4.94
4.75 4.284.073.99
• Per Capita energy consumption only 3.74
30% of global average 1.29 1.29
0.38

Source: BP Statistical Review of World Energy-2019 4

 Hydel
Nuclear 6%
6%
Oil
35%

Coal
29%

Energy Basket : 2019 Gas

24%

Hydel
Nuclear 6%
1%
Oil
31%

Coal
53% Gas
9%
Oil & Gas composition -India: 40%; global average 64%
Source: BP Statistical Review of World Energy-2019 5
Growing Primary Energy demand … India
1633
1500
MTOE

1000

500
433
MTOE

0
2008 2011 2016 2021 2026 2031

Coal Oil Natural Gas Hydro Nuclear

 With development of East Coast, new & marginal fields 
of West coast, CBM, UCG, and likely trans‐national gas tr
unk lines‐ the gas demand seems to be achievable
 For oil, though importer for over 25 years, considering t
he dramatic rise in volume demand
*Source: BP Statistical Review 2019 Projected figure Source: Integrated Energy Policy 6
 Oil consumption
 World oil consumption (2018) 3,928 Million Tonnes
 India 4th largest consumer of Oil: 3.4% of total
 India’s Oil consumption increased at CAGR of 4 % (1998-2018) against
the world CAGR of 1.4%.

Source: BP Statistical Review 2019

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 Crude Oil Demand
 India’s crude oil requirement is 129 MMT (net)
 Likely to go up to 280 MMT by 2025 (Power & Energy Division of Planning
Commission)
 Estimated Crude Demand of 370 MMT to 435 MMT @ 7% -8% GDP growth
(Integrated Energy Policy, Planning Commission)

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Source: MOP&NG & Planning Commission
Dependence on Oil Imports
Increasing dependence on oil imports; likely to be more than 80%.

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 Energy Outlook

For India, with 16% of global population;

0.5% of world’s Petroleum reserve and
~10 % of world’s Coal reserve;
with a 8- 10% GDP growth target and
4.5% CAGR in energy demand

the situation is pretty Challenging…

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 Compare with World Producers:
Russia – An Overview
 World's largest natural gas reserves : 1,680 TCF
World's largest exporter of natural gas
 Second largest coal reserves : 173 billion tons
 Eighth largest oil reserves : ~80 billion barrels
Produces 9.74 million bbl/d
 Second largest oil exporter
Exports around 4.5 million bbl/d.
 45 refineries with total capacity of over 5.5 million barre
ls per day.
 In 2018, Russia’s real gross domestic product (GDP) grew
by approximately 6 percent.

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Exploration & Production of Oil & Gas
in India & NELP

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  26 sedimentary basins with total
basinal area of 3.14 million
sq.km.

Sedimentary Basins ONLAND

1.39 Million Sq Km
SHALLOW WATER
0.4 Million Sq Km

14%
44 %
42 %

DEEP WATER
1.35 Million Sq Km

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 Exploration & Production Status
AREA UNDER LICENCE YET TO OFFER

ONLAND DEEP WATER ONLAND DEEP WATER

0.99 Million Sq Km 0.86 Million Sq Km 0.4 Million Sq Km 0.49 Million Sq Km

46 %
40 % 40%
50%
14% 10%

SHALLOW WATER SHALLOW WATER

0.3 Million Sq Km 0.1 Million Sq Km

2.15 Million Sq Km (68%) 0.99 Million Sq Km (32%)

 100% coverage is targeted for 2021

 28 Billion tons of Resource Prognosticated
 1300 BCM of Coal Bed Methane & 1700 BCM of Gas Hydrate
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Source: DGH
Level of Exploration
Indian sedimentary basins with low drilling density require
technology & capital intensive accelerated exploration

Source: Petroleum Exploration

&
Production Activities, India,
2017-18, DGH

Estimated investment* required: US$50 billion in next 15-20 years

*Ref: Ernst & Young; “Securing India’s Hydrocarbon future” in OCEANTEX, 2018

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New Exploration Licensing Policy

 Effective since 1999

 Award of licenses through international competitive bidding

 Fast track approval mechanism

 Directorate General of Hydrocarbon (DGH) as single window

 No State participation or any carried interest

 International pricing for Crude oil & market driven prices for Natural
gas

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BLOCKS CONTRACTED

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Indian Exploration Scenario
ONGC and others

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 ONGC Group

Overseas E&P Refinery SEZ Value-chain Services

(23%)
(100%) (71.6%) (26%) (23%)

(21.5%)
(23%) (49*%)
Joint Ventures Subsidiaries

(50%)
(50%)
(100%)
(12%)

(100%) (50%)
ONGC Campos
Holdings Ltda

(100%) ONGC Do Brasil

(100%)
Explorancao
Petrolifera Ltda Power
(50%)
(100%)
ONGC Amazon
Alaknanda
* OMPL: 46% ONGC & 3% MRPL
Ltd (OAAL) 19
 E&P Infrastructure
State-of-the-art exploration facilities

28
Seismic Crew

114
Drilling Rig

78
Work Over Rig

107
Well Stimulation
Unit

20
20
Globally comparable Production & Transportation facilities

240
Onshore Installations

194
E&P Infrastructure
Offshore Installations

> 22,000 Km
Pipelines

61
Offshore Supply Vessels

21
21
 Processing Facilities
Hazira, Gujarat
Handling Capacity: 42 MMSCMD Sour Gas
Products : Gas, LPG, Naphtha, SKO, HSD, ATF

Uran, Maharashtra
Handling Capacity: 20 MMTPA Oil & 16 MMSCMD Gas
Products :Oil, Gas, LPG, Naphtha,C2-C3

Ankleshwar and Gandhar, Gujarat

Handling Capacity: 0.1 MMTPA Oil & 1 MMSCMD Gas
Products : LPG, Naphtha
LPG- Liquefied Petroleum Gas
SKO- Superior Kerosene Oil
C2-C3- Ethane- Propane
HSD- High Speed Diesel Tatipaka Mini-Refinery, Andhra Pradesh
LSHS- Low Sulphur Heavy Stock
ATF- Aviation Turbine Fuel Handling Capacity: 66,000 TPA Oil
Products : Naphtha, SKO, HSD, LSHS

Kuthalam VAP Plant, Tamilnadu:

•MMTPA- Million Tonne Per Annum
•MMSCMD-Million Standard Cubic Meter per day
Under commissioning
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 Oil and Gas producing Basins of India

1889: Assam Shelf *

1967: Rajasthan Basin

1973: A&AA FB

1958: Cambay Basin

1980: KG Basin

1974: Mumbai Offshore

1985: Cauvery Basin

* By AR & T Co. - Assam Railways and Trading Company Ltd. 23

E&P Acreage Holding (Sq Km)

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 Dominant E&P Player

Includes ONGC’s share of production from Joint Venture/ PSCs

Source: MoPNG ; Provisional data-FY’19

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 FY’19:Ultimate Reserve Accretion (3P) = 206.806 MTOE
the highest in last 18 years
OVL: 135.08 MTOE JV share: 2.82 MTOE

Reserve Accretion

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 40* Projects in 16 Countries 6 Discovered/
24 Exploration 9 Producing
Development

Venezuela 1
2 Russia
Cuba
Equity Oil & Gas
2
2 3 Myanmar
Colombia 5 1
1 2 Vietnam

Brazil 4 1

Libya 3
1 Iran
Nigeria 2

Nigeria JDZ 1
1 Iraq
Congo Br 1
1 1 Syria
Sudan 2
Egypt 2 * 40th Project is Sudan’s 741 km long completed Pipeline

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40th project is the Sudan Pipeline Project
 9 producing assets with OVL

Producing Properties

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Sakhalin-1
 Partners: Exxon, SMNG and RN-Astra;
Sodeco Ltd.; and ONGC Videsh Ltd.
 The Project area is comprised of the
Chayvo, Odoptu and Arkutun-Dagi fiel
ds.
 Total recoverable reserves are estima
ted to be 2.3 billion barrels of oil (30
7 million tons) and 17.1 TCF of natur
al gas (485 BCM).
 Successful ramp-up of production to
design levels of 250,000 barrels (34,0
00 metric tons) of oil per day.
 The Project now supplies crude to int
ernational markets and natural gas to
the Russian Far East.
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 Imperial Energy New Acquisition

 Producing Asset in West Siberia

 946 MMBoe of Oil & Gas Reserv
es
 Acquired in Jan 2009
 Production up from 6000 bpd o
n acquisition to >12,000 bpd
 Largest Overseas Corporate Ac
quisition by any Indian PSU

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Opportunities

31
 India Opportunities

• Indian sedimentary basins are under explored

•Huge opportunities exist in offshore / Deep-waters

• Service Industry to respond to the demand

• Opportunities in Oil & Gas Infrastructure
• Mutually Cooperative Arrangement with Indian
Companies

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E&P Blocks on Offer – NELP VIII

Type of Blocks Nos.

Deep water 24
Shallow Water 28
On-land 18

Total 70

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Blocks - CBM-IV
Sl. Block Name State
No
Sl.
Block Name Coal Field
Area
State 1 RM(E)-CBM-2008/IV JHARKHAND
No. (sq.km.)

1 RM(E)-CBM- RAJMAHAL 1128 JHARKHAN 2 TL-CBM-2008/IV ORISSA

2008/IV D
2 TL-CBM-2008/IV TALCHIR 557 ORISSA
3 IB-CBM-2008/IV ORISSA
3 IB-CBM-2008/IV IB VALLEY 209 ORISSA

4 SR(W)-CBM-2008/IV MADHYA PRADESH

4 SR(W)-CBM- SINGRAULI 269 MADHYA
2008/IV PRADESH
5 SP(NE)-CBM- SOHAGPUR 339 MADHYA 5 SP(NE)-CBM-2008/IV MADHYA PRADESH
2008/IV PRADESH
&
& CHHATTISGARH
CHHATTISG
ARH
6 ST-CBM-2008/IV MADHYA PRADESH
6 ST-CBM-2008/IV SATPURA 714 MADHYA
PRADESH 7 AS-CBM-2008/IV ASSAM
7 AS-CBM-2008/IV NORTH 113 ASSAM
EAST 8 WD(N)-CBM-2008/IV MAHARASHTRA
8 WD(N)-CBM- WARDHA 442 MAHARASH
2008/IV TRA
9 WD(E)-CBM-2008/IV MAHARASHTRA
9 WD(E)-CBM- WARDHA 503 MAHARASH
2008/IV TRA
10 MG-CBM- MANARGU 766 TAMIL 10 MG-CBM-2008/IV TAMIL NADU
2008/IV DI NADU

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Areas of Opportunities

 collaboration on
E&P opportunities
Gas business
E&P infrastructure development
 Potential Areas of Cooperation
E&P technology
R&D
Domain experts
Production optimization
Deepwater
New energy sources
Environment protection

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 Thank You

Happy and energetic learning!

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