India's demand for natural gas is estimated to
touch 500 MMSCMD by FY17, whereas, the existing domestic gas supply of close to
100 MMSCMD is not likely to go any major change. The recent cuts in domestic
gas prices are further expected to shatter the capital intensive conventional E&P
business in India. The impact of which will have a serious cascading effect on
the gas demand-supply scenario in the country.
The development of marginal & isolated gas
fields becomes crucial for a manufacturing and industrialization centric
nation, such as India. The incumbent government's "Make in India"
initiative may fail to take-off if the fuel sourcing crunch remains the way it
has been historically.
Marginal fields were given to ONGC before the
licensing rounds on nomination basis. ONGC holds about 165 marginal fields (79
offshore and 86 onshore). Of which, 63 are being surrendered for auction. The
government now intends to auction 69 small and marginal oil and gas fields to
private firms on a new revenue sharing model. This is a positive step in the
direction and could pave way for a new beginning in the Oil & Gas sector in
India.
The gas sector works well in a market driven
scenario. Government has recently allowed OIL and ONGC to sell gas through
their small and isolated gas fields at market determined rates, acquired
through bidding. The provision to sell gas from small fields at market
determined rates and without a preferential allocation tag is bound to create a
positive ripple effect in the gas sector.
Publisher through its report, "Opportunities
in Isolated, Marginal and Relinquished Oil & Gas Blocks in India-
Strategies under New Policy frame work" is aimed to identify the
various Opportunities, Risks and Challenges in marginal and isolated oil &
gas fields in India. The report unveils the upcoming opportunity in the
Marginal and Isolated Oil & Gas Fields Sector in India.
Key Questions Answered:
- What is GoI policy towards Marginal and Isolated Oil & Gas Fields Monetization?
- Is the current domestic gas pricing formula applicable on Marginal and Isolated Oil & Gas in India?
- Whether the gas produced from Marginal and Isolated Oil & Gas will be supplied as per the existing gas utilization/priority principle?
- What are the various monetization alternatives available for players involved in developing Marginal and Isolated Oil & Gas in India?
- What are the various risks and challenges in Marginal and Isolated Oil & Gas Field development and monetization in India?
- What is the learning from the existing players engaged in the development and monetization of Marginal and Isolated Oil & Gas Fields in India?
Spanning over 117 pages “Opportunities
in Isolated, Marginal and Relinquished Oil & Gas Blocks in India-
Strategies under New Policy frame work” report covers Background, Definition of Marginal
and Isolated Oil & Gas Fields, Unlocking the Oil & Gas Potential Locked
in the Marginal and Isolated Oil & Gas Fields in India, Oil & Gas
blocks relinquished by operators, likely to be offered under revised auctioning
policy, Positioning of the mapped Marginal and Isolated Oil & Gas fields on
the existing & evolving Natural Gas Pipeline Infrastructure in India, Case
study of select existing Marginal and Isolated Oil & Gas Fields of ONGC,
Understanding the key differentiating features of Marginal and Isolated Oil
& Gas Fields vs. Conventional Oil & Gas, Understanding on the impact of
Marginal and Isolated Oil & Gas Fields on the domestic supply climate
through various scenarios, Discussion on the likely Regulatory & Policy
Framework for upcoming Marginal and Isolated Oil & Gas Fields Auctions in
India, Identifying Issues & Challenges in growth Marginal and Isolated Oil
& Gas Fields in India, Discussion of various possible monetization options
available for Marginal and Isolated Oil & Gas Fields, What does Marginal
and Isolated Oil & Gas fields mean for the wider stakeholders, in terms of:
Investment Opportunities, Business Potential and Risks, SWOT Analysis from the
perspective of a serious player intending to enter the Marginal and Isolated
Oil & Gas Fields business in India, Revised Oil & gas blocks auctioning
policy frame work in India, Gas pricing policy, Conclusion.
For
more information Visit at: http://mrr.cm/otm
Find all Energy and Utilities report at : http://www.marketresearchreports.com/energy-utilities
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