Last year was disappointing for India’s hydrocarbons sector, according to consultant Wood Mackenzie.
Offshore staff
SINGAPORE – Last year was disappointing for India’s hydrocarbons sector, according to consultant Wood Mackenzie.
Principal analyst Alay Patel said both oil and gas production declined, and despite major reforms introduced for licensing, bid rounds were unsuccessful.
This year the country’s gas production should rise by 9%, Patel added, spurred by deepwater projects operated by Reliance (KG-D6) and ONGC (KG-DW-98/2).
Both are on track to start up in 2020 although in ONGC’s case, only one well will likely be onstream.
