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.