Indian Refining Scenario and Global Perspective - petrofed ...

Crude Sourcing/Oil Security• Crude Potential available from existing fields in Middle East, Africa and SouthAmerican countries to support refining capacity expansion and sustaincapacity utilization• Efforts for new finds– Attractive New Exploration Licensing Policy (NELP)• 206 oil & gas exploration blocks awarded in 7 rounds• 68 major discoveries reported• Investment commitments of the order of $ 10 billion• Huge Unexplored acreage• World’s biggest deep water gas discovery made in 2002 (K-G Basin)– India Hydrocarbon Vision – 2025• 100% exploration coverage of all sedimentary basins by 2025• Internationally competitive fiscal terms• Alternative sources : CBM and Gas Hydrates