Crude Oil demand is projected to increase to about 190 MMT by 2012 Rising global Crude Oil prices have triggered increased E & P focus to expand domestic production .

Gas demand is expected to reach 330 MMSCMD by 2012 A CAGR of 10% for the next seven years

Increased use of gas for power generation, petrochemicals, fertilisers and city gas distribution will drive demand growth

Growing demand supply mismatch provides ample opportunities for investment Exploration and production of Crude Oil, Gas and CBM

The Government is actively promoting the creation of Strategic Oil & Gas reserves through partnerships with the private sector

32% of the Indian sedimentary area is unexplored – discovery of oil fields by investors such as Cairn Energy and ‘giant’ gas fields by Reliance, ONGC, etc. indicate a large potential for profitable investment in exploration
Investment need of $7-8 billion in exploration and production by 2010