Oil and Gas Sector Report June 2017

Oil and Gas Sector Report June 2017

1. 11JUNE2017
OIL & GAS
For updated information, please visit www.ibef.orgJUNE 2017 (As of 16 June 2017)

2. 22JUNE2017 For updated information, please visit www.ibef.org
❖Executive Summary…………… ….….……...3
❖Advantage India……………………………...4
❖Market Overview and Trends……………….6
❖Porter Five Forces Model…….………........28
❖Strategies Adopted……………………..…..30
❖Growth Drivers…………… ………….… …..33
❖Opportunities…………………… .................41
❖Success Stories…………………….. ……..44
❖Useful Information……………………. ……48
OIL & GAS
JUNE2017

3. 33JUNE2017 For updated information, please visit www.ibef.org
World’s fourth-largest
energy consumer
•India’senergydemandisexpectedtodoubleto1,516Mtoeby2035from700.50Mtoein
2015.Moreover,thecountry’sshareinglobalprimaryenergyconsumptionisprojectedto
increaseby2-foldsby2035
Fourth-largest
consumer of oil and
petroleum products
•In2016-17,Indiaconsumed195.003MMTofpetroleumproducts,whiletheconsumption
stoodat184.674MMTduring2015-16.
•India was 3
rd
largest consumer of crude oil & petroleum products in the world in 2015
Fourth-largest LNG
importer in 2016
•LNGimportsintothecountryaccountedforaboutone-fourthoftotalgasdemand,whichis
estimatedtofurtherincreaseby2times,overnext5years.Tomeetthisrisingdemand
thecountryplanstoincreaseitsLNGimportcapacityto50milliontonnesinthecoming
years.
•IndiaincreasinglyreliesonimportedLNG;thecountryisthe4
th
largestLNGimporterin
2015(AsofSeptember2015)&accountedfor5.68percentofglobalimports
•Indiaimported16.58MMTofLNGduring2015-16,ascomparisonto14.09MMTin2014-
15.
Source: US Energy Information Administration (EIA), Ministry of Petroleum & Natural Gas, TechSci Research
Notes: MMTPA -Million Metric Tonnes Per Annum, Mtoe –Million Tonnes of Oil Equivalent; mbpd –Million Barrels Per Day;
Figures mentioned in this slide is as per latest data available
EXECUTIVE SUMMARY
Second largest refiner
in Asia
•InFY16,Indiahad230.06MMTPAofrefiningcapacity,makingitthe2
nd
largestrefinerin
Asia.By2017,theoilrefiningcapacityofIndiaisexpectedtorise&reachmorethan310
milliontonnes.Privatecompaniesownabout38.21percentoftotalrefiningcapacity
OIL & GAS

4. ADVANTAGE INDIA
OIL & GAS

5. 55JUNE2017
Growing demand
•Indiaistheworld’s4
th
largestenergy
consumer(2014);oil&gasaccountfor
37percentoftotalenergyconsumption
•DemandforprimaryenergyinIndiaisto
increase3-foldby2035to1,516million
tonnesofoil
•Equivalentfrom637milliontonnesofoil
equivalentin2014
For updated information, please visit www.ibef.org
ADVANTAGE INDIA
Source: Business Monitor International (BMI), World Oil Outlook 2012, Ministry of Petroleum & Natural Gas, BP Statistical Review 2015,TechSci Research
Notes: mbpd –Million Barrels Per Day, bcm –Billion Cubic Metres, F –Forecast;
Figures mentioned in this slide is as per latest data available
•About136,347peoplewereemployed
inthepetroleumindustryattheendof
FY13
•TheUniversityofPetroleum&Energy
StudiesinDehradun,Uttarakhand,is
Asia’s1
st
&onlyenergyuniversity
Policy support
•Governmenthasenactedvarious
policiessuchastheNewExploration
LicensingPolicy(NELP)&CoalBed
Methane(CBM)policytoencourage
investments
•Newdomesticnaturalgaspricing
guidelineshasbeenenforcedon10
th
January2014
Supportive FDI
guidelines
•Thegovernmentallows100percent
ForeignDirectInvestment(FDI)in
upstream&privatesectorrefining
projects
•TheFDIlimitforpublicsectorrefining
projectshasbeenraisedto49percent
withoutanydisinvestmentordilutionof
domesticequityintheexistingPSUs
FY16
Oil Production
(MMT):
36.942;
Gas Production
(BCM): 32.249
FY17E
Oil
Production
(MMT):
37.085 ;
Gas
Prouction
(BCM):
34.119
Advantage
India
OIL & GAS

6. MARKET OVERVIEW AND TRENDS
OIL & GAS

7. 77JUNE2017 For updated information, please visit www.ibef.org
STATE-OWNED COMPANIES DOMINATE OIL AND GAS IN INDIA
Source:BP Statistical Review 2015, US Energy Information Administration, Ministry of Petroleum & Natural Gas, TechSci Research
Notes: bcm –Billion Cubic Metres, tcf –Trillion Cubic Feet, mbpd –Million Barrels Per Day, mmscmd -Million Metric Standard Cubic Metre Per Day,
tcm --trillions of cubic meters, mmtpa --million metric tons per annum
ONGC –Oil & Natural Gas Corporation of India, IOCL –Indian Oil Corporation Ltd
(1)
as of 2015
Indiaisthe3
rd
largest
(1)
energyconsumer
InFY16,oilproductioninthecountryreached36.942millionmetrictonnesascomparedto37.461millionmetrictonnesin
FY15.In2016,countryhad7087millionmetrictonnesofprovenoilreserves
Indiahad4154millionmetrictonnesofgasprovedreserves&produced32.249bcmofgasin2016whichisexpectedtorise
&reach34.119bcmin2016
OIL & GAS
Indian Oil and Gas
sector
Midstream
segment –
storage &
transportation
Downstream
segment –
refining,
processing &
marketing
•IOCLoperatesa11,214kmnetworkofcrude,gas&productpipelines,witha
capacityof1.6mbpdofoil&10mmscmdofgas
•Thisisaround30percentofthenation’stotalpipelinenetwork
•IOCListhelargestcompany,controls10outof22Indianrefineries,witha
combinedcapacityof1.31mbpd
•ReliancelaunchedIndia’s1
st
privatelyownedrefineryin1999&hasgained
considerablemarketshare(30percent)
•Essar’sVadinarrefineryhasacapacityof20mmtpa,currentlyaccountingfor
around10percentoftotalrefiningcapacity
Upstream
segment -
exploration &
production
•State-ownedONGCdominatetheupstreamsegment
•ItisthelargestupstreamcompanyinExploration&Production(E&P)
segment,accountingforapproximately61.5percentofthecountry’stotaloil
output(FY17)

8. 88JUNE2017 For updated information, please visit www.ibef.org
Oil consumption in India (2008-16) in mbpd
Source: Ministry of Oil & Natural Gas, BP Statistical Review 2017
BMI forecasts, TechSci Research
Notes: F –Forecast, CAGR –Compound Annual Growth Rate,
mbpd –Million Barrels Per Day, mn bbl –Million Barrels
OilconsumptionisestimatedtoexpandataCAGRof
4.79percentduringFY2008–16toreach4.48mbpdby
2016
Duetotheexpectedstronggrowthindemand,India’s
dependencyonoilimportsislikelytoincreasefurther
Rapideconomicgrowthisleadingtogreateroutputs,
whichinturnisincreasingthedemandofoilfor
productionandtransportation
Withrisingincomelevels,demandforautomobileis
estimatedtoincrease,inturnleadingtoaugmented
demandforoil&gas.
OIL SUPPLY AND DEMAND IN INDIA … (1/2)
OIL & GAS
3.08
3.24
3.32
3.49
3.693.73
3.85
4.16
4.48
200820092010201120122013201420152016

9. 99JUNE2017 For updated information, please visit www.ibef.org
Imports and domestic oil production in India
Source: Ministry of Oil & Natural Gas, BMI forecasts, TechSci Research
Notes: F –Forecast, mbpd –Million Barrels Per Day
InFY16,totalcrudeoilimportswerevaluedatUSD64.4
billionascomparedtoUSD112.7billioninFY15.InFY14,
importsaccountedformorethan80percentofthe
country’stotaloildemand
Backedbynewoilfields,domesticoiloutputisanticipated
togrowto1.0mbpdbyFY16
InMarch2017,theIndianStrategicPetroleumReserveLtd
(ISPRL)&AbuDhabiNationalOilCompany(ADNOC)of
UAEsignedanagreement,tofillup0.81MMTor5,860,000
millionbarrelsofcrudeoilatISPRLstoragefacilityat
Mangalore,Karnataka
AccordingtotheOrganizationofthePetroleumExporting
Countries(OPEC),thedemandforoilacrosstheworldwill
growby1.26millionbarrelsperday(mb/d).Moreover,
majorityoftheoildemandacrosstheglobeisexpectedto
originatefromIndia.
OIL SUPPLY AND DEMAND IN INDIA … (2/2)
OIL & GAS
0.7 0.8 0.8 1.0 1.0 1.0
3.20
3.29 3.45
3.71 3.80 3.80
FY10 FY11 FY12 FY13 FY14 FY15
Oil Production (mbpd)Oil Imports (mbpd)

10. 1010JUNE2017 For updated information, please visit www.ibef.org
Proven reserves and total gas consumption
in the country (bcm)
Source: PPAC, BP Statistical Review 2017, Ministry of Oil & Natural Gas 2014,
TechSci Research
Notes: F –Forecast, bcm –Billion Cubic Metres,
CAGR –Compound Annual Growth Rate
Figures mentioned in this slide is as per latest data available
WithIndiadevelopinggas-firedpowerstations,
consumptionisupmorethan160percentsince1995
Demandisnotlikelytosimmerdownanytimesoon,given
strongeconomicgrowth&risingurbanisation.Gas
consumptionislikelytoexpandataCAGRof2.53percent
during2007–16
GAS SUPPLY AND DEMAND IN INDIA … (1/2)
OIL & GAS
40 42 52 63 64 59 51 51 4750.1
1055
10901115
1149
1278
13301355
1427
1489
1200
2007200820092010201120122013201420152016
Gas Consumption Proven Reserves

11. 1111JUNE2017 For updated information, please visit www.ibef.org
Domestic gas production and imports (bcm)
Source: Ministry of Oil & Natural Gas,
BP Statistical Review 2015, TechSci Research
Notes: bcm –Billion Cubic Metres,
1
Estimated Figures
Domesticproductionaccountsformorethanthree-quarter
ofthecountry’stotalgasconsumption
Demandisexpectedtoincreaseduetohighereconomic
growth,ensurelessdependencyonimportedcrudeanda
desiretousecleanerfuel
Reaching196.48milliontonnesin2016,fuelsalesrecorded
thehighestgrowthrateof10.7percentsincelast16years.
India’sLNGimportsareforecastedtoincreaseataCAGR
of8.92percentduringFY08–FY17
DomesticgasproductioninIndiastoodataround32.24
millionmetrictonnesinFY16
InIndia,autoLPGsectorregisteredsalesgrowthof4.9per
centinthefiscalyear2016-17.Moreover,thesalesvolume
growthwasabout8.18percentinMarch2017,asagainst
March2016.Inaddition,theautoLPGsalesinIndiagrewto
346TMTin2016-17,incomparisonto330TMTin2015-16.
GAS SUPPLY AND DEMAND IN INDIA … (2/2)
OIL & GAS
32 33
47
52
48
41
35 34
32.24
34.12
12 11
13
14
18
18
1821.66
22.71
25.9
FY08FY09FY10FY11FY12FY13FY14FY15FY16FY17
Gas productionGas Imports
1

12. 1212JUNE2017 For updated information, please visit www.ibef.org
Annual crude oil production
(‘’000” Tonnes)
Source: Ministry of Petroleum & Natural Gas,
TechSci Research, petroleum.nic.in,
Notes: mmt –Million Metric Tonne, JV –Joint Venture
P -Provisional
In2015-2016,crudeoilproductionstoodat36.95million
tonnes
ONGCaccountedfor60percentoftotalcrudeoilproduction
inIndia
UPSTREAM SEGMENT: CRUDE OIL AND GAS PRODUCTION … (1/2)
OIL & GAS
Crude oil production (‘’000” Tonnes)
24855 23716 22561 22246 22264 22368
3572
3847
3661 3466 3412 3226
5263
10527 11640 12076 11785 11356
FY11 FY12 FY13 FY14 FY15 FY16
ONGC OILPvt/JV
11809
16411
18016 19431 19536 18472 17711
19794
19116
17918 16230 16330 17419 17797
2009-102010-112011-122012-132013-142014-152015-16(P)
OnshoreOffshore

13. 1313JUNE2017 For updated information, please visit www.ibef.org
Annual gas production
(million metric standard cubic meter)
Source: Ministry of Petroleum & Natural Gas; TechSci Research
Notes: bcm –Billion Cubic Metres,
mmscmd--Million Metric Standard Cubic Meter Per Day,
JV –Joint Venture
TotalgasproductioninFY16was32.25bcm
AnnualgasproductionincreasedbetweenFY09-10and
FY15-16,reaching32249mmscm
UPSTREAM SEGMENT: CRUDE OIL AND GAS PRODUCTION … (2/2)
OIL & GAS
Annual gas production
(million metric standard cubic meter)
23095 23316 23549 23284 22023 21177
2350 2633 2639 2626 2722 2838
26774
21609
14491
9497
8912 8235
FY11 FY12 FY13 FY14 FY15 FY16
ONGC OILPvt/JV
8685 8574 9084 8877 9012 8797 9237
38811
43645
38475
31802
26395
24861
23012
FY10 FY11 FY12 FY13 FY14 FY15 FY16
Onshore Offshore

14. 1414JUNE2017 For updated information, please visit www.ibef.org
UPSTREAM SEGMENT: EXPLORATION AND DEVELOPMENT ACTIVITIES
Exploration activities (FY16
(1)
)
(‘000 metres)
Source: Ministry of Petroleum & Natural Gas, TechSci Research
Note:
(1)
–Provisional
DuringFY16
(1)
,1,118,000metresofwellswereexplored&developedinIndia,duringthesameperiod,506wellswere
drilledinthecountry
State-ownedoilcompaniesundertakemostoftheupstreamdrilling&explorationwork
ONGC,theleaderintheupstreamsegment,accountsfor60percentofIndia’stotalcrudeoiloutput
Development drilling activities (FY16
(1)
)
(‘000 metres)
OIL & GAS
40
105
105
320
Offshore Onshore
WellsMeterage
41
320
107
587
Offshore Onshore
WellsMeterage

15. 1515JUNE2017 For updated information, please visit www.ibef.org
PIPELINES: CRUDE PIPELINE NETWORK
Shares in crude pipeline network by length
(out of 9,864 km) (FY16)
Source: Ministry of Petroleum & Natural Gas, TechSci Research
Notes: km –Kilometre, mmtpa –Million Metric Tonnes Per Annum,
(1)
Approximate
Ason1
st
April,2016,Indiahadanetworkof9,864kmofcrudepipelinehavingacapacityof129.6mmtpa
(1)
Intermsoflength,IOCLaccountsfor49.34percent(4,867km)ofIndia’scrudepipelinenetworkinApril2016.Moreover,
thecompanyhasthecountry’slongestpipelines:Salaya-Mathura-PanipatPipeline(1,870km)&Haldia-Barauni/Paradip-
BarauniPipeline(1,302km)
Intermsofactualcapacities,ONGCleadsthepackwithashareof44.06percent,followedbyIOCLat31.2percent
Shares in crude pipeline network by capacity
(out of 129.6 MMTPA) (FY16)
OIL & GAS
44.06%
31.2%
6.5%
18.24%
ONGC
IOC
OIL
Others
4867
1193
1180
2624
IOCL
OIL
ONGC
Others

16. 1616JUNE2017 For updated information, please visit www.ibef.org
Pipelines: Existing Pipelines in India
(4)
Source: Ministry of Petroleum & Natural Gas; TechSci Research
Notes: kms –Kilometres, mmtpa –Million Metric Tonnes Per Annum,
(1)
Includes Petronet Cochin-Coimbatore-Karur Product pipeline,
(2)
Includes Petronet Mangalore-Hassan-Bangalore Product Pipeline,
(3)
Source: PPAC,
(4)
Approximately, Data is as on 1
st
April, 2016
OIL & GAS
IOCL BPCL
(1)
HPCL
(2)
OIL ONGC
(3)
Cairn HMEL
Others
(GAILandPetr
onetIndia.)
Total
industry
Length (Kms)
Product
Pipeline
6,739 1,935 2,957 654 - - - 2,687 14,972
Crude oil
Pipeline
4,867 937 - 1,193 1,180 670 1,017 - 9,864
Total 11,606 2,872 2,957 1,847 1,180 670 1,017 2,687 24,836
Capacity of Crude OilPipelines (MMTPA)
Product
Pipeline
40.2 14.9 31.6 1.7 - - - 9.3 97.7
Crude oil
Pipeline
40.4 6.0 - 8.4 57.1 8.7 9.0 - 129.6
Total 80.6 20.9 31.6 10.1 57.1 8.7 9.0 9.3 227.3

17. 1717JUNE2017 For updated information, please visit www.ibef.org
PIPELINES: REFINED PRODUCTS AND LPG PIPELINE NETWORK
Shares in product pipeline network under
operation by length (out of 14975 km, FY16)
Source: Ministry of Petroleum & Natural Gas, TechSci Research
Notes: km –Kilometre, mmtpa –Million Metric Tonnes Per Annum, LPG -Liquefied Petroleum Gas, IOC -Indian Oil Corporation,
HPCL -Hindustan Petroleum Corporation Ltd, BPCL -Bharat Petroleum Corporation Ltd,
OIL -Oil India Limited,
(1)
Others include GAILandPetronetIndia
With14975kmofrefinedproductspipelinenetwork(capacityof97.7mmtpa)inIndia,IndianOilCorporation(IOC)leadsthe
segmentwithmorethanhalfofthetotallengthofproductpipelinenetworkin2016
Top3companiesIOC,HPCL&BPCLcontribute77.7percentofthetotallengthofproductpipelinenetworkinthecountry
in2016
In2016,GasAuthorityofIndiaLtd.(GAIL)haslargestshare(87.06percentor2,032km)ofthecountry’sLPGpipeline
network(2,334km)
Shares in LPG pipeline network by length
(out of 2,334 km) (FY16)
OIL & GAS
87.06%
11.74%
1.20%
GAIL
IOC
BPCL
45.0%
19.8%
12.9%
4.4%
17.9%
IOC
HPCL
BPCL
OIL
Others⁽¹⁾

18. 1818JUNE2017 For updated information, please visit www.ibef.org
Refinery crude throughput (mmt)
Source: Ministry of Petroleum & Natural Gas, TechSci Research
Note: mmt –Million Metric Tonne
State-controlledentitiesdominatethedownstreamsegment
aswell
Indiahas19refineriesinthepublicsector&3intheprivate
sector
PrivatecompaniessuchasRelianceIndustriesLtd.&Essar
Oilhavebecomemajorrefiners
InFY16,publicsectorrefineriesaccountedfor54.42percent
oftotalrefinerycrudethroughput
Privatesectorrefineries’totalcrudethroughputgrewata
CAGRof9.28percent,reachingto88.7mmtduringFY08-16
DOWNSTREAM SEGMENT: REFINERY CRUDE THROUGHPUT… (1/2)
OIL & GAS
112.5112.2112.1115.3120.9120.3119.5121.4126.3
43.648.6
80.7
81.7
81.288.288.387.8
88.7
FY08FY09FY10FY11FY12FY13FY14FY15FY16
Public SectorPrivate Sector

19. 1919JUNE2017 For updated information, please visit www.ibef.org
Shares in India's total refining capacity (FY16)
Source: Ministry of Petroleum & Natural Gas, PPAC, TechSci Research
Notes: mmt –Million Metric Tonne; HPCL -Hindustan Petroleum Corporation Ltd, BPCL -Bharat Petroleum Corporation Ltd,
OIL -Oil India Limited, ONGC -Oil and Natural Gas Corporation, IOCL -Indian Oil Corporation Ltd, CPCL -Chennai Petroleum Corporation Limited,
Others include: NRIL -Numaligarh Refinery Limited, MRPL -Mangalore Refinery and Petrochemicals Limited, RPL -Renegade Petroleum Ltd, EOL -
Essar Oil Ltd, ONGC, BORL, HMEL
InFY16,thesector’stotalinstalledprovisionalrefinerycapacitywas215.1mmt
InFY16,IOCemergedasthelargestdomesticrefinerwithacapacityof54.2mmt
Top3companiesRIL,IOC&BPCLcontributesaround63percentofIndia'stotalrefiningcapacity
Total installed capacity FY16 (mmt)
OIL & GAS
DOWNSTREAM SEGMENT: REFINERY CRUDE THROUGHPUT… (2/2)
135.1
120.1
80.0
80
FY15 FY16
Public SectorPrivate Sector
27.9%
25.2%
10.0%
6.9%
5.3%
24.7%
RIL
IOC
BPCL
HPCL
CPCL
Others

20. 2020JUNE2017 For updated information, please visit www.ibef.org
DOWNSTREAM SEGMENT: PETROLEUM PRODUCTS
Petroleum Products-wise Consumption from
crude oil FY15 (mmt)
Source: Ministry of Petroleum & Natural Gas; TechSci Research
Notes: mmt –Million Metric Tonne
P –Provisional
DuringFY15,consumptionofpetroleumproductsinIndiastoodat183.5mmt
PetroleumproductsderivedfromcrudeoilincludelightdistillatessuchasLPG,naphtha;middledistillatessuchas
kerosene;&heavyendssuchasfurnace,lubeoils,bitumen,petroleumcoke&paraffinwax
LightdistillateswiththehighestgrowthrategrewatCAGRof5.23percent,whilemiddledistillates&heavyendsegment
witnessedaCAGRof3.53percent&4.16percentrespectively,duringtheyearFY08-16(P)
Duringthe12
th
Five-yearPlanperiod(2012–17),productionofpetroleumproductsinIndiaisexpectedtoreach1195.8mmt
Production of LPG By Fractionators (mmt)
OIL & GAS
38.4039.7339.0041.4443.8746.2747.5850.85
57.74
62.82
66.3871.12
75.03
79.42
82.7081.83
82.78
82.93
27.72
27.50
27.69
24.57
24.85
28.0829.00
31.37
38.41
FY08FY09FY10FY11FY12FY13FY14FY15FY16(P)
Light DistillatesMiddle DistillatesHeavy Ends
2.19
2.09
2.06
2.16
2.24
2.17
2.21
2.132.14
2.18
2.00

21. 2121JUNE2017 For updated information, please visit www.ibef.org
Downstream distribution statistics (MMT)
Source: Ministry of Petroleum & Natural Gas, TechSci Research
Notes: MMT –Million Metric Tonne, mmtpa –Million Metric Tonnes Per Annum,
(1)
–Data is as of April 1, 2015
InFY16,totalconsumptionofpetroleumproductsby
companiesstoodataround183.5MMT,higherby11.2per
centincomparisonwiththepreviousfiscalyear
Thetotalnumberofretailoutletsincreasedto56190
(includingprivate)inApril2016(Provisional)from53419in
April2015
IOC,asofApril1,2016,(Provisional),ownedthemaximum
numberofretailoutletsinthecountry(45.14percentof
total),followedbyHPCL(24.56percent)andBPCL(23.92
percent);theremainingbeingownedbyprivatefirms
AsofApril1,2016(Provisional),therewere17,916LPG
distributorsinIndia
DOWNSTREAM SEGMENT: DISTRIBUTION AND MARKETING
OIL & GAS
Pipeline
Capacity (mmtpa)
As of April 1, 2016
Length (km)
As of April 1, 2016
Product Pipeline 97.7 14972
LPG Pipeline
(1)
5.330 2334
36.16
41.85
52.1
55.52
58.9857.6559.359.38
65.57
2.75
3.34
3.5
3.77
3.83
3.63
3.633.97
4.57
FY08FY09FY10FY11FY12FY13FY14FY15FY16(P)
Product PipelineLPG Pipeline

22. 2222JUNE2017 For updated information, please visit www.ibef.org
Source: US Energy Information Administration (EIA), BP Statistical Review 2015,
Asia-Pacific Economic Cooperation (APEC), TechSci Research
Notes: Mtoe –Million Tonne of Oil Equivalent, BTU –British Thermal Unit;
Figures mentioned in this slide is as per latest data available
EnergydemandintheAsia-Pacificregionisestimatedtobearound5,498.5Mtoein2015andisexpectedtoreach5,627Mtoe
by2020and6,861Mtoeby2035
India’senergydemandisprojectedtodoubleto48.7quadrillionBTUby2035
TheprimaryenergyconsumptionofIndiaroseby5.2percentin2015
In2015,coalmaintaineditsdominancyandaccountedfor58percentoftotalprimaryenergydemand
INDIA’S ENERGY CONSUMPTION MIX … (1/2)
OIL & GAS

23. 2323JUNE2017 For updated information, please visit www.ibef.org
Consumption pattern expected in 2035
Source: International Energy Agency (IEA), TechSciResearch
Overthenextfewyears,dependenceongas,hydropower
&nuclearpowerisexpectedtoincreaserelativetooil&
coal
ThegovernmentaimstoquadrupleIndia’snuclearpower
generationcapacityto20GWby2020;currently,7nuclear
powerreactorsof4,930MWecapacityareunder
construction
Incomingdecades,amajorportionofconsumption
dependabilityofenergymixisexpectedtoshiftfromcoal&
petroleumtootherresourceslikenaturalgas,solidbiomass
&wasteandnuclear&otherrenewablesources
INDIA’S ENERGY CONSUMPTION MIX … (2/2)
OIL & GAS
42%
24%
15%
11%
8%
Coal
Petroleum
Solid biomass &
waste
Natural gas
Nuclear & other
renewables

24. 2424JUNE2017
STATE-WISE CRUDE RESERVE, CAPACITY AND THROUGHPUT
For updated information, please visit www.ibef.org
Source: Ministry of Petroleum & Natural Gas, TechSci Research
Notes: Mmt –Million Metric Tonne,
mt –Million Tonne
OIL & GAS
State
Installed capacity,
as of April 2015 (mt)
Crude throughput
for 2015 (mt)
Gujarat 93.7 100.19
Maharashtra 18.5 20.46
Haryana 15.0 15.5
Karnataka 15.0 14.59
Tamil Nadu 11.5 10.6
Kerala 9.5 10.29
Andhra Pradesh 8.37 7.83
Uttar Pradesh 8.0 8.16
West Bengal 7.5 7.95
Assam 7.0 6.38
Bihar 6.0 6.48
Punjab 9.0 9.27
Madhya Pradesh 6.0 5.45
Total 215.07 222.50
State
Balance recoverable
reserves
of crude oil, 2016 (MMT)
Assam 160.79
Gujarat 121.16
Rajasthan 31.72
Andhra Pradesh 10.90
Tamil Nadu 8.99
Arunachal Pradesh 1.57
Nagaland 2.38
Tripura 0.07
Total Onshore 337.59
Western Offshore 247.13
Eastern Offshore 36.39
Total Offshore 283.53

25. 2525JUNE2017 For updated information, please visit www.ibef.org
Source: Bloomberg, TechSci Research
Note: FY –Indian Financial Year, April–March
(1)
-Data for half year ended September 2015
KEY DOMESTIC OIL & GAS COMPANIES
OIL & GAS
Company
Ownership
(per cent) as on
FY15-16
FY16 turnover
(USD billion)
Indian Oil Corporation
Limited
58.57%
state-owned
61.04
Reliance Industries Public Listed 45.23
Bharat Petroleum
Corporation Limited
54.93%
state-owned
28.79
Hindustan Petroleum
Corporation Limited
51.1%
state-owned
32.49
ONGC
68.94%
state-owned
20.10
GAIL India Limited
56.11%
state-owned
7.88
Oil India Limited
(1)
67.64%
state-owned
1.00

26. 2626JUNE2017 For updated information, please visit www.ibef.org
Source: -Indian counterpart,
Bloomberg; TechSci Research, Company websites
KEY INTERNATIONAL OIL & GAS COMPANIES OPERATING IN INDIA
OIL & GAS
Company
Ownership
(per cent)
Global turnover
(FY16)
( USD billion)
Cairn Energy India Pvt
Ltd
Private Sector 1.62
Shell Private Sector 211.98
BG Group Private Sector 121.19
BP Private Sector 55.88

27. 2727JUNE2017 For updated information, please visit www.ibef.org
Coal Bed Methane
(CBM)
•GovernmentapprovedtheCBMpolicyin1997toboostthedevelopmentofclean&
renewableenergyresources
•CBMisaneco-friendlynaturalgas(methane),whichisabsorbedincoal&ligniteseams
•TheCBMpolicywasdesignedtobeliberal&investorfriendly;the1
st
commercial
productionofCBMwasinitiatedinJuly2007atabout72,000cubicmetresperday
Underground Coal
Gasification (UCG)
•Thetechnologywas1
st
widelyusedintheUSinthe1800s&inIndia(Kolkata&Mumbai)
intheearly1900s
•UCGiscurrentlytheonlyfeasibletechnologyavailabletoharnessenergyfromdeep
unmineablecoalseamseconomicallyinaneco-friendlymanner
•Thetechnologyreducescapitaloutlay,operatingcosts&outputgasexpensesby25–50
percentvis-à-vissurfacegasification
NOTABLE TRENDS IN THE OIL AND GAS SECTOR
OIL & GAS
Gas hydrates and bio-
fuels
•ThegovernmentinitiatedtheNationalGasHydrateProgramme(NGHP),aconsortiumof
nationalE&Pcompanies&researchinstitutions,tomapgashydratesforuseasan
alternatesourceofenergy
•Bio-fuels(bio-ethanol&bio-diesel)arealternatesourcesofenergyfromdomestic
renewableresources;thesehaveloweremissionscomparedtopetroleumordiesel
Open Acreage Licensing
Policy
•TheOpenAcreageLicensingPolicy(OLAP),whichallowsanexplorertostudythedata
availableandbidforblocksofhischoicehasbeeninitiatedinparallelwithNELPto
increaseforeignparticipationbyglobalE&PcompanieslikeShell,BP,ConocoPhillipsetc.

28. PORTER FIVE FORCES ANALYSIS
OIL & GAS

29. 2929JUNE2017 For updated information, please visit www.ibef.org
PORTER’SFIVE FORCES ANALYSIS
OIL & GAS
Source: TechSci Research
Competitive Rivalry
•Competitiverivalryislowasjustone-twoplayersoperateinUpstream,
MidstreamandDownstreamsegments
•Althoughafewprivateoperatorshaveenteredtheindustryinthelast
coupleofyears,theydonotposeanymajorthreatasofnow
Threat of New Entrants Substitute Products
Bargaining Power of SuppliersBargaining Power of Customers
•Threatofnewentrants
continuestobelow,duetothe
capitalintensivenatureofthe
industryandeconomiesof
scale
•Bargainingpowerismedium
asdespitefewplayers
operating,governmentat
timesdelayssubsidypayment
tooilcompanies,thereby
increasinglosses
•Customers havelow/non
existentbargainingpower
•Customersareprice-takernot
apricemaker
•Threatislow,asothersources
ofenergylikesolar,wind,coal
andhydroelectricpowerare
lessdeveloped.Pressurefrom
alternativesourcesmightrisein
future
Competitive
Rivalry
(Low)
Threat of New
Entrants
(Low)
Substitute
Products
(Low)
Bargaining
Power of
Customers
(Low)
Bargaining
Power of
Suppliers
(Medium)

30. STRATEGIES ADOPTED
OIL & GAS

31. 3131JUNE2017 For updated information, please visit www.ibef.org
STRATEGIES ADOPTED … (1/2)
OIL & GAS
Source: TechSci Research
•IndianOilCorpplanstomakeaninvestmentofUS$22.91billion,includingUS$7.64billionforexpandingits
existingbrownfieldrefineries,inthenext5to7years.Moreover,thecompanyplanstolaythenation'slongest
LPGpipelineof1987km,fromGujaratcoasttoGorakhpurineasternUttarPradesh,tocatertogrowing
demandforcookinggasinthecountry
•StaterunenergyfirmsBharatPetroleum,HindustanPetroleum&IndianOilCorpplantospendUSD20billion
onrefineryexpansionstoaddunits,by2022
•AsofMarch2017,IndianOilCorpisplanningtospendUS$26.77billion,inaspanof6yearsonIndia’s
energydeficit&executegovernment’sgoalstocorrectdisparityinregionaldevelopment&tocreatejobs.
•InMarch2017,thePetroleum&NaturalGasMinisterorganisedaneventatCERAWeek2017inHouston,to
promoteIndia’snewHydorcarbonExploration&LicensingPolicy(HELP).
•AsofMay2017,theIndiangovernmentisintalkswithmajorAsiancountriesincludingChina,SouthKorea,
TaiwanandJapantopushforanAsianNaturalGasTradingCompanyinordertoreducetheimpactofoil
pricevolatilityontheAsianmarket.
•Thecountry’sstateownedoilcompaniesaimtosustainspendingata3yearhighduetoincreasingdemand
anddecliningoilservicescosts.In2017,HindustanPetroleumplanstoincreaseitsspendingby17percent
andIndianOilby25percent.
•Oilcompaniesarefocusingonverticalintegrationfornextstageofgrowth.Forinstance,oilproducerOilIndia
Ltdisplanningtobuild&operaterefineries,whileIndianOilisplanningtoenteroil&gasexploration
•AsofMarch2017,BharatPetroleumCorp.Ltd.(BPCL),anIndianstate-controlledoil&gascompany,plansto
enterthecountry’stravelbusinesswiththelaunchofitsstartupnamedas“HappyRoads”.Theapp,whichis
expectedtobelaunchedinthecoming2months,willdocumentitinerariesandassisttheusersinplanninga
fun-filledtrip.
Expansions
Diversification

32. 3232JUNE2017 For updated information, please visit www.ibef.org
STRATEGIES ADOPTED … (2/2)
OIL & GAS
•Indiancompaniesareenhancingproductionthroughredevelopmentplanstoincreaserecoveryrates
ofhydrocarbonfromoilwells;ONGCinMumbaiHighachievedsuccessinimplementingthis.
Moreover,companiesarepumpingupR&Dtofocusongasificationtechnology&bioenergy
•BharatPetroleumCorporation(BPCL)hasplannedtoinvestUSD1.53billionduringFY17to
enhance&expanditsrefiningcapacity
•PrivatesectorunitslikeAdani,SunPetrochemicals&fewnewentrantshavebagged1/3
rd
ofsmall
oil&gasfields.InFebruary2017,thegovernmentapproved31contractstobedeveloped,
comprising44smallfields.
•InFebruary2017,Genesis,London,baggedacontractfromRIL’s(RelianceIndustries)todesign
deepwaterfieldfrontendengineeringatKGBasininWestIndia.
Investments to
enhance production
More focus upon
small companies
Source: TechSciResearch;
(1)
-22nd August 2014
Pilot project Initiated
for Shale Gas
Production in India
•Oil&NaturalGasCorp(ONGC)hasstartedShaleGasexplorationbyspuddingthe1
st
ShaleGas
wellRNSG-1inBurdwanDistrictofWestBengal.
•CompaniesarelookingforwardtodevelopingJVs&technicalpartnershipwithforeigncompaniesto
improvecapabilitiestodevelopshalereserves
Move to non-
conventional energy
resources
Piped Cooking Gas
•ByMarch2017,state-ownednaturalgascompany,GAIL,planstostartdistributingpipedcooking
gasinBhubaneswar&Varanasi.

33. GROWTH DRIVERS
OIL & GAS

34. 3434JUNE2017 For updated information, please visit www.ibef.org
Source: Ministry of Petroleum & Natural Gas, TechSci Research
PERSISTENT DOMESTIC DEMAND TO DRIVE THE MARKET
OIL & GAS
Growing demand
India, fourth-
largest energy
consumer
Rise in population
and economic
growth to fuel
demand
Increasing
industrialisation
and usage of gas
Policy support
Supportive FDI
policies
Promoting
investments in the
sector
Introducing
policies such as
CBM and NELP
Increasing
investments
Petroleum and
Natural Gas sector
attracted an
cumulative FDI of
USD6,856.16
million during April
2000-March 2017
Huge investments
planned under the
Twelfth Plan
Innovation
Expanding
production and
distribution
facilities in India
Increased R&D
activity
Providing support
to global projects
from India
Resulting DrivingInviting

35. 3535JUNE2017 For updated information, please visit www.ibef.org
Robust domestic
market; expected to
expand
•Indiaistheworld’s4
th
largestenergyconsumer
•Oilconsumptionisexpectedtoriseby42.5percentduring2010–20
•Thecountryisthe5
th
largestimporterofLNG
Increasing demand for
natural gas
•Severalindustriesareincreasingtheusageofnaturalgasinoperations;thishasboosted
naturalgasdemandinIndia
•Someofthemainindustriesthatusenaturalgasarepulp,paper,metals,chemicals,glass,
plastic&foodprocessing
Abundant raw material
•Thenationhaslargecoal,crudeoil&naturalgasreserves
•UltimateOilreservesamountedto1877MMTinFY16
•Ultimatereservesofnaturalgasstoodat2153MMTinFY16
Source: Ministry of Petroleum & Natural Gas, US Energy Information Administration,
BP Statistical Review of World 2015 Energy, June 2012; BMI, TechSci Research,
Notes: TCM -Trillion Cubic Metres, E&P -Exploration and Production
GROWTH DRIVERS … (1/2)
OIL & GAS
Favourable policies
•Thegovernmenthasallowed100percentFDIinE&Pprojects/companies;&49percentin
refiningundertheautomaticroutefromtheearlierapprovalroute
•IthasalsointroducedpoliciestopromoteinvestmentsintheindustrysuchasNew
ExplorationLicensingPolicy(NELP)andCoalBedMethane(CBM)

36. 3636JUNE2017 For updated information, please visit www.ibef.org
Huge investments
•InvestmentsworthUSD75billionisexpectedacrosstheoil&gasvaluechainunderthe
erstwhile12
th
Plan(2012–17)
•ONGCplanstoincurecapitalexpenditureofUS$4.31billioninFY2017-18,fordeveloping
theiroffshoreoil&gasfieldsinGamji,Bassein,DamanontheWestcoast&Vasishta&
NagyalankaontheEastcoast.
Skilled labour
•Thenationoffersabundantskilledlabouratmuchcompetitivewagescomparedtoother
countries
•TheUniversityofPetroleum&EnergyStudiesinDehradun,Uttarakhand,isAsia’s1
st
&
onlyenergyuniversity
Natural gas discoveries
•Severaldomesticcompanies(suchasONGC,Reliance&GujaratStatePetroleum)have
reportedlyfoundnaturalgasindeepwaters
•InMarch,ONGCstartedproductionat2oilwellslocatedinJorhat,Assam.Theseoilwells
werediscoveredin2016-17,andareproducing50tonnesperday,whichincreasedthe
overallproductionofJorhatassetfrom350tonnesperdayto400tonnesperday.
•InApril2017,ONGCclaimedtohavemade23newgas&oildiscoveriesinthefiscal
2016-17&thecompanyhassetnewrecordinexploring&productionactivities.
•InJune2017,OilIndiaLtd.hasmadeaoildiscoveryintheBaghjanareaofupperAssam
basin.ThediscoverywasmadebyBaghjanPetroleumMiningLease(PML).
Source: Ministry of Petroleum & Natural Gas, BMI, TechSci Research
Note: Kms-Kilometres
GROWTH DRIVERS … (2/2)
OIL & GAS
Massive gas pipeline
network
•In2016,country’snaturalgaspipelinenetworkspannedover16,251kminlength&the
proposedexpansionof30,000kmsisenvisagedby2018-19

37. 3737JUNE2017 For updated information, please visit www.ibef.org
Source: Ministry of Petroleum & Natural Gas, TechSci Research
REGULATORY OVERVIEW OF THE INDUSTRY… (1/2)
OIL & GAS
Pricing of CNG and
PNG by CGD Entities
(2014)
•In2014,thepricingforCNG(transport)&PNG(domestic)wereexaminedbytheMinistry
ofPetroleum&NaturalGaswhilethediscloseofpricesoftheCNG&PNGcommodities
weremadecompulsory
The Policy on Shale
Gas & Oil, 2013
•Allowscompaniestoapplyforshalegas&oilrightsintheirpetroleumexplorationlicenses
&petroleumminingleases
Shale Gas & Oil
Exploration Policy
•ApprovedinSeptember2013,itallowscompaniestoexploreenergyresourcestrapped
withinrockstomeetIndia’sgrowingenergyneeds
The National Biofuel
Policy, 2009
•Promotesbio-fuelusage,theGovernmentofIndiahasprovideda12.36percent
concessiononexcisedutyonbio-ethanol&exemptedbio-dieselfromexciseduty
Integrated Energy
Policy (IEP), 2006
•OutlinesgoalstodealwithchallengesfacedbyIndia’senergysector

38. 3838JUNE2017 For updated information, please visit www.ibef.org
Petroleum and Natural
Gas Regulatory Board
(PNGRB) Act, 2006
•Regulaterefining,processing,storage,transportation,distribution,marketing&saleof
petroleum,petroleumproducts&naturalgas
Auto Fuel Policy, 2003
•Providearoadmaptocomplywithvariousvehicularemissionnorms&correspondingfuel
qualityupgradingrequirementsoveraperiodoftime
Source: Ministry of Petroleum & Natural Gas, TechSci Research
Note: NELP -New Exploration Licensing Policy
REGULATORY OVERVIEW OF THE INDUSTRY… (2/2)
OIL & GAS
National Biofuel Policy,
2002
•A16percentconcessionontheexcisedutyonbio-ethanol&exemptionofbio-dieselfrom
excisedutytopromotebio-fuelusage
Freight Subsidy (for far-
flung areas) Scheme,
2002
•CompensatepublicsectorOilMarketingCompanies(OMCs)forthefreightincurredto
distributesubsidisedproductsinfar-flungareas
Domestic Natural Gas
Pricing Formula, 2014
•Newdomesticnaturalgaspricingformulahasbeenformed,whichwillberevisedonan
halfyearlybasis.

39. 3939JUNE2017 For updated information, please visit www.ibef.org
FDI INVESTMENTS IN PETROLEUM AND GAS IN INDIA
FDI inflows into petroleum and natural gas
(USD billion)
Source: Department of Industrial Policy & Promotion, TechSciResearch
CumulativeFDIinflowsinIndia’spetroleum&naturalgassectorstoodatUSD6,856.16million(2.07percentoftotalFDIs)
duringApril2000–March2017
InOil&Gas,FDIinflowsintothesectortotalledUSD6.85billionandUSD6.67billioninFY17&FY16,respectively
BetweenFY10andFY17(April2000–March2017),FDIinflowsintopetroleumandnaturalgassectorgrewatCAGR14.22
percent
FDI inflows into India
(USD billion)
OIL & GAS
CAGR:
14.22%
CAGR:
16.26%
2.70
3.203.30
5.405.50
6.606.67
6.85
FY10FY11FY12FY13FY14FY15FY16FY17
115.70
129.80
170.54
193.40
217.70
248.63
265.26
332.11
FY10FY11FY12FY13FY14FY15FY16FY17

40. 4040JUNE2017 For updated information, please visit www.ibef.org
Source: Thomson Banker, TechSci Research
M&A ACTIVITIES IN THE INDIAN OIL AND GAS SECTOR
OIL & GAS
Date announced Acquirer name Target name Value of deal (USD million)
Dec 2016 Oil & Natural Gas Corp's Gujarat State Petroleum Co's 1200
Dec 2015 ONGC Videsh Ltd (OVL) Vankor oil field 1260
Jan 2015 Bharat Forge Mecanique Generale Langroise 12.82
Jun 2014 Gulf Petrochem Ltd Sah Petroleums Limited 7.13
Mar 2014 IOCL Progress Energy Canada Ltd Not disclosed
Oct 2013 ONGC Videsh Ltd Parque das Conchas, Brazilian Oilfield 529
Jun 2013
ONGC Videsh Ltd (in partnership
with Oil India Ltd)
Rovuma Area 1 Offshore Block 2640
Nov 2012 ONGC Videsh ConocoPhillips (Kashagan Field) 5,000.0
Nov 2012 Inpex Corp
Oil and Natural Gas Corp’s exploration block
KG-DWN-2004/6
Not disclosed
Sep 2012 ONGC Videsh Hess Corp (Azrei oilfield) 1,000.0
Apr 2012 Trafigura Pte Ltd Nagarjuna Oil Co Ltd 130.0
Apr 2011 Sesa Goa Ltd Calm India Ltd 1,492.0
Feb 2011 BP PLC Reliance Industries Ltd 9,000.0
Aug 2010 BPRL EP413 13.4
Aug 2010 Sesa Goa Ltd Cairn India Ltd 1,180.8
Aug 2010 Vedanta Resources PLC Cairn India Ltd 6,568.5
Aug 2010 Reliance Industries Ltd Marcellus Shale Natural Gas 391.6

41. OPPORTUNITIES
OIL & GAS

42. 4242JUNE2017 For updated information, please visit www.ibef.org
OPPORTUNITIES
OIL & GAS
Upstream segment Midstream segment Downstream segment
•Locatingnewfieldsforexploration:78
percentofthecountry’ssedimentary
areaisyettobeexplored
•Development ofunconventional
resources:CBMfieldsinthedeepsea
•Opportunitiesforsecondary/tertiaryoil
producingtechniques
•Higherdemandforskilledlabour&
oilfieldservicesandequipment
•Expansioninthetransmissionnetwork
ofgaspipelines
•LNG importshaveincreased
significantly;thisprovidesan
opportunitytoboostproduction
capacity
•InlightofmountingLNGproduction,
hugeopportunityliesforLNGterminal
operation,engineering,procurement&
constructionservices
•Indiaisalreadyarefininghubwith21
refineries&expansionsplannedfor
tappingforeigninvestmentinexport-
orientedinfrastructure,including
productpipelines&exportterminals
•DevelopmentofCityGasDistribution
(CGD)networks,whicharesimilarto
DelhiandMumbai’sCGDs
•Expansionofthecountry’spetroleum
productdistributionnetwork

43. 4343JUNE2017 For updated information, please visit www.ibef.org
OIL & GAS
Source: E&Y; Ministry of Petroleum & Natural Gas, TechSci Research
Note: tcf –Trillion Cubic Feet
SHALE GAS PROSPECTS OF INDIA
•Indiahastechnicallyrecoverableshalegasresourcesofnearly96tcf
•TheCambay,KrishnaGodavari,Cauvery&theDamodarValleyarethemostprospectivesedimentarybasinsfor
carryingoutshalegasactivitiesinthecountry
•Around20tcfofgashasbeenclassifiedastechnicallyrecoverablereservesintheCambaybasininGujarat(thelargest
basininthecountry)spreadacross20,000grosssquaremileswithaprospectiveareaof1,940squaremiles
•ItisestimatedthattheKrishnaGodavari(KG)basinenclosesaseriesoforganicallyrichshales,containingaround27
tcfoftechnicallyrecoverablegas.KGbasin,locatedinEasternIndia,holdsthecountry’slargestshalegasreserves,
extendingover7,800grosssquaremileswithaprospectiveareaofaround4,340squaremiles
•InApril2013,theDirectorateGeneralofHydrocarbons(DGH)submitteditspolicyonexploitationofshalegastothe
MinistryofPetroleum&NaturalGas
•Indialauncheditspolicyonshalegasexplorationtotapthenon-conventionalenergyresourceinordertoboostoutput

44. SUCCESS STORIES
OIL & GAS

45. 4545JUNE2017 For updated information, please visit www.ibef.org
ONGC: CONTINUING ON STRONG GROWTH PATH
ONGC’s position in the Indian market
•ONGCisthelargestupstreamoilcompany
•Itaccountsfor61.5percentofIndia’stotalcrude
oiloutput&68.7percentoftotalgasproduction
(FY17)
ONGC revenue growth (USD billion)
Source: Company reports, TechSci Research
Notes: TOE –Tonne of Oil Equivalent
OIL & GAS
•Registered
highest-ever
oil
production
•Highest
reserve
accretion
in the last
2 decades
83.5
million toe
•Domest
ic crude
product
ion up
2.1 per
cent
•Reported
net profit
of USD3.9
billion in
2011
•Highest-
ever
dividend
payout of
USD1.6
billion
•Recorded
net profit
of
USD4.5
billion in
2013
•Record
ed net
profit of
USD4.4
billion in
2014
•In the year
2015,
company
produced
25.94
million
tonnes of
crude oil &
23.52 bcm
of gas
24.10
22.90
21.50
25.80
30.80
29.80
28.70
26.39
20.10
12.71
FY08FY09FY10FY11FY12FY13FY14FY15FY16FY17

46. 4646JUNE2017 For updated information, please visit www.ibef.org
IOCL: FLAGSHIP OF INDIAN REFINING
Source: Company reports, TechSci Research
Note: bbl -barrel
IndianOilGroupofCompaniesowns&operates10ofIndia’s22refinerieswithacapacityof1.30mbpd
In2015,Itsnetworkofcrudeoil&productpipelinesrunstoabout11081Km
SubsidiaryCPCLaccountsfor49percentofmarketshareinpetroleumproducts
InFY16,thegrossrefiningmargin(GRM)wasestimatedtobe5.06perbblascomparedtoUSD0.27perbblinFY15
InMay2017,IndianOilCorporationrevealeditsfourthquarterprofitforthefiscal2016-17.Theprofitssurged85percentto
reachUS$553.47million.
OIL & GAS
FY15
Net profit USD0.8 billion USD1.6 billion
EBITDA USD1.7 billion USD2.7 billion
Turnover USD73.57 billion USD61.04 billion
FY16
•Second-largest player in
India’s petrochemical market
•Has interests in 13 domestic
and 11 overseas blocks
•Foraying into alternative
sources of energy like wind
and solar

47. 4747JUNE2017 For updated information, please visit www.ibef.org
RELIANCE INDUSTRIES: WELL POSITIONED FOR GROWTH
Source: Company reports, TechSci Research
Note:
(1)
Revenue fallen due to negative translation effect, Data from April –June 2016
RelianceIndustrieshasthebiggestpetrochemicalrefiningcomplexintheworld
Itcontributes14percenttoIndia'sexports&isgoingtoinvestaroundUSD30billiontoimproveitsbusinessesinthenext3
years
ForDecemberquarter2016,RelianceIndustriesrecordedprofitofUS$1.11billion.
OIL & GAS
FY15
Net profit
USD3.8
billion
USD4.2
billion
EBITDA
USD6.1
billion
USD7.9
billion
Turnover
USD61.4
billion
USD45.23
billion
FY16
•Exports surged by 4.5 per cent
to USD46 billion in 2016
•Record crude throughput at
69.6 million tonnes
•US shale: Shale Gas
Production in FY16 205 Bcf.
•Reliance Industries has entered into JVs with various companies across segments to align growth opportunities; it signed JVs
with Atlas, Pioneer, Carrizo SIBUR, and D.E. Shaw as well as entered into a strategic alliance with BP recently
FY17
(1)
USD1.1
billion
USD2.1
billion
USD10.92
billion

48. USEFUL INFORMATION
OIL & GAS

49. 4949JUNE2017 For updated information, please visit www.ibef.org
INDUSTRY ASSOCIATIONS
OIL & GAS
Name Address Contact person Telephone E-mail
Oil Industry Development
Board (OIDB)
301, World Trade Centre, Babar
Road, New Delhi –110001
Mr T S Balasubramanian,
Financial Adviser and Chief
Accounts Officer
91-11-23413298
91-11-23414692
[email protected]
Petroleum Conservation
Research Association
(PCRA)
Sanrakshan Bhavan, 10 Bhikaji
Cama Place, New Delhi –
110066
Mr Arun Kumar, ED 91-11-26198799 Ext.301 [email protected]
Bureau of Energy
Efficiency (BEE)
Ministry of Power, 4
th
floor,
SEWA Bhawan, RK Puram,
New Delhi –110066
Dr Ajay Mathur, Director
General
91-11-26178316,
91-11-26179699
[email protected],
[email protected]
Oil Industry Safety
Directorate
Ministry of Petroleum & Natural
Gas, 7
th
floor, “New Delhi
House”, 27 Barakhamba Road,
New Delhi –110001
Mr J B Verma, ED 91-11-23316798 [email protected]
Petroleum Planning and
Analysis Cell (PPAC)
Ministry of Petroleum & Natural
Gas, 2
nd
floor, Core-8, SCOPE
Complex, 7 Institutional Area,
Lodhi Road, New Delhi –
110003
Dr Basudev Mohanty,
Director
91-11-24362501, 91-
11-24361380
-
Directorate General of
Hydrocarbons
Ministry of Petroleum & Natural
Gas, C-139, Sector 63, Noida –
201301
Mr S K Srivastava, Director
General
0120 -4029401 [email protected]

50. 5050JUNE2017
GLOSSARY… (1/3)
For updated information, please visit www.ibef.org
B/D(orbpd):BarrelsPerDay
MBPD(ormbpd):MillionBarrelsPerDay
BCM(orbcm):BillionCubicMetres
CBM:CoalBedMethane
CGD:CityGasDistribution
E&P:ExplorationandProduction
FDI:ForeignDirectInvestment
FY:IndianFinancialYear(ApriltoMarch)
SoFY12impliesApril2011toMarch2012
GoI:GovernmentofIndia
INR:IndianRupee
LNG:LiquefiedNaturalGas
OIL & GAS

51. 5151JUNE2017
GLOSSARY… (2/3)
For updated information, please visit www.ibef.org
MMT(ormmt):MillionMetricTonne
MMTPA(ormmtpa):MillionMetricTonnesPerAnnum
EBITDA:EarningBeforeInterestTaxesDepreciationAmortisation
NRL:NumaligarhRefineryLimited
CPCL:ChennaiPetroleumCorporationLimited
HPCL:HindustanPetroleumCorporationLimited
BPCL:BharatPetroleumCorporationLimited
IOC:IndianOilCorporationLtd
EOL:EssarOilLtd
RPL:ReliancePetroleumLimited
MRPL:MangaloreRefineryandPetrochemicalsLimited
PCCK:PetronetCochin-Coimbatore-Karur
PMHB:PetronetMangalore-Hassan-Bangalore
OIL & GAS

52. 5252JUNE2017
GLOSSARY… (3/3)
For updated information, please visit www.ibef.org
NELP:NewExplorationLicensingPolicy
TOE(ortoe):TonnesofOilEquivalent
USD:USDollar
ONGC:OilandNaturalGasCorporationofIndia
IOCL:IndianOilCorporationLimited
mnbbl:MillionBarrels
CAGR:CompoundAnnualGrowthRate
JV:JointVenture
UCG:UndergroundCoalGasification
NGL:NaturalGasLiquids
OMCs:OilMarketingCompanies
NHGP:NationalGasHydrateProgramme
Whereverapplicable,numbershavebeenroundedofftothenearestwholenumber
OIL & GAS

53. 5353JUNE2017
Exchange rates (Fiscal Year)
For updated information, please visit www.ibef.org
EXCHANGE RATES
Exchange rates (Calendar Year)
OIL & GAS
Year INR equivalent of one USD
2004–05 44.81
2005–06 44.14
2006–07 45.14
2007–08 40.27
2008–09 46.14
2009–10 47.42
2010–11 45.62
2011–12 46.88
2012–13 54.31
2013–14 60.28
2014-15 61.06
2015-16 65.46
2016-2017E 67.23
Source: Reserve bank of India,
Average for the year
Year INR equivalent of one USD
2005 43.98
2006 45.18
2007 41.34
2008 43.62
2009 48.42
2010 45.72
2011 46.85
2012 53.46
2013 58.44
2014 61.03
2015 64.15
2016 (Expected) 67.22

54. 5454JUNE2017
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