March 2012

Regional Report India: After a flurry of discoveries in 2002-04, oil and gas operators in India now have twin aims: bring to early production new fields and enhance production from mature fields

After China, India is the leading country in the eastern hemisphere, with an enormous economic incentive to explore for oil and gas. Over the last five years, India’s import dependency for crude oil and petroleum products has increased from 71.9% to 76.5%.

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