Upstream India: Opportunities, partnerships & potential
Upstream Oil & Gas
Finance & Investment/Trading & Risk Management
The aspiration of India to become a $5 trillion economy by 2024 is intertwined with securing sustainable sources of energy for its ~1.3 billion population. India’s oil & gas sector would continue to be the most critical component of all the energy resources in meeting India’s growing energy needs and ensuring energy security for the country. The Indian government has enacted policy reforms to attract E&P investments to unlock the 230 billion barrels of undiscovered oil & gas potential from the sedimentary basins. The reforms intend to implement cutting-edge technologies in mature fields, fast track monetization of discoveries, speed up development of ongoing projects and planned FDPs, and intensify exploration in less explored and frontier plays. Why is India an attractive destination for oil & gas investors in the post-COVID era? How big is the untapped potential of Indian sedimentary basins? What is being done to unravel the frontier plays? What more is the Indian Government offering to ensure a stable regulatory framework? How is the government facilitating various intra-government issues, clearances, and approvals?