Vibrant activity emerging in India to meet rising oil demand

08/16/2004
DRILLING MARKET FOCUSIndia's push to bolster oil and gas sufficiency has sparked an upsurge in drilling there. The country currently produces about 460 MMboe/year of oil and gas--about 30% of demand--and is targeting 70% self-sufficiency in oil, as demand is expected to rise 6.5%/year through 2010. The US Energy Information Administration estimates India was the world's sixth largest consumer of oil (2.2 million bo/d) and the ninth largest net importer (1.4 million bo/d) in 2002.1There were 34 rigs drilling in Indian waters in late July, using about 10% of the active worldwide fleet of offshore drilling units. In late June, Simmons & Co. International analysts said that India's us...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected