rising consumption & stagnating development · rising consumption & stagnating development...
TRANSCRIPT
I N D I A’ S O I L S TO R Y
RISING CONSUMPTION & STAGNATING DE VELOPMENT
India’s economic growth has led to increased oil consumption but domestic production has not kept pace. Imports have increased but there is great potential for the exploration of domestic resources.
PR ODUCTION GOALS FALL SHORT
Expored sedimentary basins in India
D W I N D L I N G D O M E S T I C S U P P L I E S
O I L P R O D U C T I O N & C O N S U M P T I O N
T O N N E S O F C R U D E
I N D I A ’ S O I L I M P O R T S
22 percent
tho
usa
nd
ba
rr
els
/ d
ay
3 ,000
2,000
2,500
1,500
1,000
500
T H E P O T E N T I A L F O R D I S C O V E R Y
24716
Deepwater blocksawarded by gov’t
Developed (6%)
in last 13 ye ars
PlannedProduction
Actual Production
206.8 MIL
176.9 MIL
10%western hemisphere
34%other middle e ast
22%africa
11%iran
18%saudi arabia5%other
source 11th Five year plan
source Global Trade Atlas, 2010
source U.S. Energy Information Administration
source GE
2000 2002 2004 2006 2008 2010
consumption
production
Barrels of oil a day
815,000
India will exhaust its proven reserves within
25 years