Oil regulation—India—Q&A guide
Oil regulation—India—Q&A guide

The following Energy practice note provides comprehensive and up to date legal information covering:

  • Oil regulation—India—Q&A guide
  • 1. Describe, in general terms, the key commercial aspects of the oil sector in your country.
  • 2. What percentage of your country’s energy needs is covered, directly or indirectly, by oil or gas as opposed to nuclear or non-conventional sources? What percentage of the petroleum product needs of your country is supplied with domestic production?
  • 3. Does your country have an overarching policy regarding oil-related activities or a general energy policy?
  • 4. Is there an official, publicly available register for licences and licensees? Is there a register setting out oilfield ownership or operatorship, etc?
  • 5. Describe the general legal system in your country.
  • 6. Describe the key laws and regulations that make up the principal legal framework regulating oil and gas activities.
  • 7. Are there any legislative provisions that allow for expropriation of a licensee’s interest and, if so, under what conditions?
  • 8. May the government revoke or amend a licensee’s interest?
  • 9. Identify and describe the government regulatory and oversight bodies principally responsible for regulating oil exploration and production activities in your country. What sanctions for breach may be imposed by the regulatory and oversight bodies?
  • More...

Oil regulation—India—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to oil regulation in India published as part of the Lexology Getting the Deal Through series by Law Business Research (published: April 2021).

Authors: Alaya Legal—Suniti Kaur; Shauray Bal; Kunal Lohani

1. Describe, in general terms, the key commercial aspects of the oil sector in your country.

India has a total of 26 sedimentary basins spread over 3.14 million square kilometres (onshore and offshore). Crude oil and natural gas production in the country is from seven basins covering an area of 532,500 square kilometres and deep-water areas. So far, 225 hydrocarbon discoveries constituting 109 natural gas and 116 crude oil discoveries have been made.

4.5 billion barrels of oil reserves had been proved at the end of 2018. India produced approximately 39.5 Mmt of oil in 2018. India processed 245.3 Mmt of the crude oil in 2016-17, and its refining capacity stood at 249.4 million tonnes on 1 May 2019. India's crude oil production in October 2019 stood at 2738.44 thousand metric tonnes.

2. What percentage of your country’s energy needs is covered, directly or indirectly, by oil or gas as opposed to nuclear or non-conventional sources? What percentage of the petroleum product needs of your country is supplied with domestic production?

Approximately 35 per cent of India's energy needs are covered directly or indirectly by oil and gas. Coal

Popular documents