I N D I A’ S O I L S TO R Y

RISING CONSUMPTION & STAGNATING DE VELOPMENT

India’s economic growth has led to increased oil consumption but domestic production has not kept pace. Imports have increased but there is great potential for the exploration of domestic resources.

PR ODUCTION GOALS FALL SHORT

Expored sedimentary basins in India

D W I N D L I N G D O M E S T I C S U P P L I E S

O I L P R O D U C T I O N & C O N S U M P T I O N

T O N N E S O F C R U D E

I N D I A ’ S O I L I M P O R T S

22 percent

tho

usa

nd

ba

rr

els

/ d

ay

3 ,000

2,000

2,500

1,500

1,000

500

T H E P O T E N T I A L F O R D I S C O V E R Y

24716

Deepwater blocksawarded by gov’t

Developed (6%)

in last 13 ye ars

PlannedProduction

Actual Production

206.8 MIL

176.9 MIL

10%western hemisphere

34%other middle e ast

22%africa

11%iran

18%saudi arabia5%other

source 11th Five year plan

source Global Trade Atlas, 2010

source U.S. Energy Information Administration

source GE

2000 2002 2004 2006 2008 2010

consumption

production

Barrels of oil a day

815,000

India will exhaust its proven reserves within

25 years