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Brief overview of India’s upstream

06.01.2013  |  Nair, S.V. ,  Cairn India Ltd., Haryana, India

Keywords: [crude oil] [India] [refining] [energy demand]

Over the last few decades, the Indian upstream sector has evolved through three different regulatory regimes—nomination, pre-new exploration licensing policy (NELP)/limited bid rounds and, finally, the NELP regime. Various blocks under operation have been awarded under these regulatory mechanisms.1 Production sharing contracts (PSC) have been the dominant mode of hydrocarbon administration in India.2

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