India expanding oil/gas E and D, infrastructure

Journal Article · Mon Sep 09 04:00:00 EDT 1991 · Oil and Gas Journal; (United States)

OSTI ID:5800863

This paper reports that India continues to press oil and gas exploration and development and expansion of its petroleum sector infrastructure. One of the key moves is the government's decision to stage a fourth exploration bidding round, its most ambitious to date and one expected to elicit enthusiasm from international oil companies. At the same time, state oil companies Oil and Natural Gas Commission and Oil India Ltd. plan to maintain strong domestic E and D programs. ONGC is seeking more revenue to sustain India's ambitious oil and gas upstream plans. The state company has asked the government for a 50% hike in the price of domestic crude. The government currently pays ONGC and OIL only about $8.84/bbl, a price fixed in 1981. A jump of 50% in the domestic crude price would net ONGC another $1 billion/year in revenues, ONGC Chairman S.L. Khosla the. The government and other state companies also continue efforts to expand gas utilization and markets and match refining plans with market needs.

• OSTI ID: 5800863
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:36; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030200 -- Natural Gas-- Reserves
Geology
& Exploration
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
ASIA
DEVELOPING COUNTRIES
ENERGY SOURCES
EXPLORATION
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDIA
INDUSTRY
MARKETING
NATURAL GAS
NATURAL GAS INDUSTRY
PETROLEUM
PETROLEUM INDUSTRY
PLANNING
PRICES
PROCESSING
REFINING
RESOURCE POTENTIAL