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Ernst &Young >Industries>Oil Gas Overview - Ernst & Young - India

Fuelling business opportunities

The Indian oil & gas industry pegged at US 110 bn - which is about 15% of India’s gross domestic product - is one of the focus industries in the county’s rapidly growing economy. The ever rising energy demand, which grew at a compound annual growth rate of 4.57% between 1996 and 2006 as compared to the global average of 2.07%, has created challenges for the sector. Currently, the sector accounts for 36% of India’s primary commercial energy consumption. The demand for oil and gas rose sharply, at a CAGR of 4.02% and 6.82%, respectively during 1996–2006, and has resulted in a domestic short supply, with increased reliance on imports for meeting domestic demands. In the future, the demand supply gap is projected to increase even further, due to the high demand growth projected at 6.41% and 7.41%, respectively, from 2006-07 to 2024-25. While the challenges are immense, this rapidly industry also offers significant opportunities.

Partnering in NELP-VIII and CBM-IV Roadshows

The New Exploration Licensing Policy (NELP) VIII and Coal Bed Methane (CBM) IV rounds of bidding launched by the Government of India brings forth tremendous opportunities for the Oil & Gas industry, offering 70 blocks under NELP-VIII and 10 blocks under CBM-IV for bidding. Ernst & Young is partnering with the Ministry of Petroleum & Natural Gas in the NELP-VIII and CBM-IV Roadshows in Mumbai, London and Houston. Our experienced team of professionals offer customized services to suit the unique requirements of energy companies.

Lessons from change: the oil & gas industry

How can you manage your company through the recession and position yourself for growth? After interviewing thousands of oil and gas executives, we identified some overarching themes. From demonstrating operational flexibility to managing risks, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.

The report upstream Oil & Gas

Challenges and opportunities (pdf, 1.9mb)  assesses the recent trends in the industry globally. It highlights that the recent financial downturn is not expected to hit the industry as domestic consumption continues to grow. It also addresses some of the key challenges faced by the industry today and discusses the opportunities available for the players under the given scenario.

Investing in the Indian upstream sector: NELP-VIII/CBM-IV

This document gives us an insight on regulatory and tax provisions applicable to upstream companies in India. Contact us  for the copy of report.

Contacts

For general enquiries, please speak to: 
Ajay Arora 
Industry Leader
+91 (124) 464 4560

Ravi Mahajan 
Industry Leader
+91 (124) 464 4740

Shivendra Lal 
Oil & Gas Industry Coordinator
+91 (124) 464 4225

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