India: World Oil Report 1991

Journal Article · Thu Aug 01 04:00:00 EDT 1991 · World Oil; (United States)

OSTI ID:5682678

Khin, J A ^[1]

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1. AFKA Co., PTE Ltd. (SG)

This paper reports that domestic oil consumption is estimated to increase from 1.026 million bopd in 1989/90 to 1.726 million bopd by 1995/96, an increase of 68% in just six years. In the same interval, domestic oil production is expected to rise by only 30% from 665,500 bopd to 868,750 bopd. Therefore, India plans to intensify exploration and exploitation, including deepwater, difficult and remote areas. Foreign oil companies again will be asked to submit tenders for exploration contracts. The Fourth Round of bidding will be composed of 62 onshore and 33 offshore blocks. The previous three rounds since 1979 offered a total of 109 blocks, and in the last round (the third) in 1986, five foreign oil companies signed production-sharing contracts for nine blocks covering 46,300 sq mi.

• OSTI ID: 5682678
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 212:8; ISSN 0043-8790; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ASIA
CONTRACTS
DEVELOPING COUNTRIES
DRILLING
ENERGY SOURCES
EXPLORATION
FOREIGN POLICY
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INDIA
MINERAL RESOURCES
OFFSHORE DRILLING
OIL FIELDS
OIL WELLS
PETROLEUM
PETROLEUM DEPOSITS
PLANNING
RESOURCE DEVELOPMENT
RESOURCES
SUPPLY AND DEMAND
WELLS