Oil & Gas

  • Power Purchase Agreement
  • Advise relating to development, construction, operation and maintenance, transfer and termination
  • Advise on Private participation construction contracts
  • Advise and negotiating Financing and related documentation
  • Risk Management
  • Sponsor Support Guarantee
  • Supply and Off Take Contracts
  • Production Contracts
  • Advise on Supply of LNG

The Indian Petroleum industry is one of the oldest in the world. The industry has come long way since then. Digboi was the only refinery and the market infrastructure was confined to urban and well-populated areas. After independence, the industry was nationalized. Every activity exploration, development, production, refining, marketing, distribution was controlled by the various national oil companies.

India ranks sixth in the world in terms of petroleum demand, of which more than 70 per cent is met through import of crude oil.

Ever since India’s economic liberalization programme started, the Indian oil and gas sector has gone through some very fundamental changes. The last six years have seen a radical restructuring of the Indian oil and gas sector. The recent initiatives enable private oil companies, both foreign and Indian, to explore new oil and natural gas reserves, develop proven reserves, and establish petroleum refineries and pipelines. There still remains tremendous potential, as India remains one of the least explored regions in the world.

India is attempting to limit its dependence on oil imports somewhat by expanding domestic exploration and production. To this end, the Indian Government is pursuing the New Exploration Licensing Policy (NELP), which was approved in 1997 and finally declared in 1999, which permits 100 percent FDI in exploration, an activity long restricted to Indian State-owned firms.

The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like). Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage, and going through the cites of the word in classical literature, discovered the undoubtable source. Lorem Ipsum comes from sections 1.10.32 and 1.10.33 of "de Finibus Bonorum et Malorum" (The Extremes of Good and Evil) by Cicero, written in 45 BC. This book is a treatise on the theory of ethics, very popular during the Renaissance. The first line of Lorem Ipsum, "Lorem ipsum dolor sit amet..", comes from a line in section 1.10.32.