GE India Oil Gas Story

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.
I N D I A’ S O I L S TO R Y
R I S I N G CO N S U M P T I O N &
S TAG N AT I N G D E V E LO P M E N T
INDIA’S OIL IMP ORTS
18 %
s au d i a r a b i a
5%
ot h e r
22%
africa
11 %
iran
34%
ot h e r m i d d l e e a st
10 %
w e s t e r n h e m i s p here
s o ur ce Global Trade Atlas, 2010
DWINDLING DOMESTIC SUPPLIES
thous and b arrels / day
OIL PRODUCTION & CONSUMPTION
Barrels of oil a day
3 ,0 0 0
2, 5 0 0
815,000
consumption
2,0 0 0
1,500
1 ,0 0 0
pr oduction
India will exhaust its
proven reserves within
500
2000
2 0 02
2004
2006
2008
2 010
25 years
s o u r c e U. S. Energy Information Administration
P R O D U C T I O N G O A L S FA L L S H O RT
TONNES OF CRUDE
206.8 MIL
THE P OTENTIAL FOR DISCOVERY
Expored sedimentary
basins in India
22 percent
176.9 MIL
in l ast 13 ye ars
Planned
Production
247
16
Actual
Production
s o u r c e 11th Five year plan
s o u r c e GE
Deepwater blocks
awarded by gov’t
Developed (6%)