India Business Seminar Oil & Gas - Overview, Status and Opportunity Stavanger Chamber of Commerce 13 th March 2018 Oddmar Johannesen Regional Director
Norwegian Energy Partners Non-profit Norwegian based energy industry foundation Founded by: NORWEGIAN GOVERNMENT: - Ministry of Foreign Affairs - Ministry of Petroleum and Energy - Ministry of Trade and Industry ENERGY COMPANIES: - Statoil* - Statkraft PROFESSIONAL ORGANISATIONS: - Energy Norway - Federation of Norwegian Industries - Norwegian Oil and Gas Association - Norwegian Shipowners Association - The Norwegian Confederation of Trade Unions (LO) www.norwep.com
Represents an industry with more than 300 member companies that turn over 50 billion USD annually and employ 200 000 people Headquarter in Norway with 19 branch offices around the world: Australia Azerba ijan Brazil Canada China Egypt Saudi Arabia France Germany India Korea Malaysia Mexico Middle East Netherlands UK Russia US Iran Global network bringing best practices to the world market.
We work with the energy industry. Wind energy Oil & gas upstream Solar energy Oil & gas midstream Hydropower Energy system
The way we work: Mapping the competence, technology and comparative advantages of Norwegian companies - and matching it with customer demands internationally Improving competitiveness and reduce the risks related to international activities A network organization bringing customer and suppliers together
Successful international expansion O&G International turnover from Norwegian oil & gas supply industry (NOK billion) Source: Rystad Energy 2017 "Internasjonal omsetning fra norske oljeserviceselskaper"
Overview of Indian Oil & Gas
Norwegian Energy Partners in India Working in Close co-operation with Embassy,Consulate and Innovation Norway and is a part of Team Norway in India Stationed in Delhi, working as door opener for the The Norwegian Companies to Indian Ministry and Government Setting up networking meetings and information sharing between Norwegian and Indian Energy Companies. Helping Norwegian partner Companies to participate in tenders and contract from some of the major Oil & Gas Companies in India Organizing delegations from India to Norway and vice versa for capability presentation and participating in major events and exhibitions Market reports on Concrete Business opportunities within India in the Solar, Energy Systems, Wind and LNG sectors and how to overcome major challenges in these sectors
Major Players in India Exploration & Production ONGC Reliance Cairn OIL BG BP GSPC HOEC EPC & Service Larsen & Toubro AFCONS Technip Saipem Swiber Aker Solutions FMC Some downstream companies like RIL, IOC,BPCL,HPCL, are into refining etc. Chevron, Exxon Mobil, and Shell are either present in research or downstream product retailing.
Overview
Overview
Overview
Overview
Offshore Field Location & Water Depths Eastern Offshore Small continental shelf Steep slopes Two monsoons, Operating window Jan - May Cyclone & Tsunami affected Western Offshore Shallow Large Continental Shelf Monsoon July to October 1000m 2000m 100m 3000m 500m 100m 1000m 2000m 4000m KG Basin 3000m 4000m
Offshore Basins West Coast Prominent sedimentary basins on western coast of India are: Ø Kutch - Saurashtra Basin Category II basin Ø Mumbai Offshore Basin Category I basin Ø Kerala - Konkan Basin Category III basin Mumbai offshore has been the in production for more than 30 years Deep water prospectivity on West coast is under study
Offshore Basins East Coast Prominent sedimentary basins on eastern coast of India are: Mahanadi - NEC Basin Category II basin Krishna Godavari Basin Category I basin Cauvery Basin Category I basin Krishna Godavari is believed to be the GoM for India with gas reserves of ~ 25 tcf
Why India??? Why India???
India: 3rd largest Primary Energy Consumer India: Strong Consumption Growth Expected Assumed Growth Rate 8 % 9 % 3053 2273 CAGR 7% CAGR ---6% 723 674 445 330 322 298 286 236 China US India Russia Japan Canada Germany Brazil South Korea Primary Energy Consumption in MMTOE France 2006-07 2011-12 2016-17 2021-22 2026-27 2031-32 Primary Energy Consumption in MMTOE Persistent Production Deficit Leading to Price Agnostic Imports Crude Oil Price Indian Basket(USD/BBL) Oil Deficit( MMT) Gas Deficit (BCM) 121 132 133 106 118 131 15 18 18 18 16 22 2011 2012 2013 2014 2015 2016 FY'12 FY'13 FY'14 FY'15 FY'16 FY'17 In 2030, Total required import will be equivalent to the current production of Norway, Venezuela and Australia combined