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BP's new projections show emissions won't go down in 20 years-VIII: Indian output may be cost uncompetitive
Jan 30:
The Indian oil and gas industry must take a closer look at the BP Outlook on whether its high cost tight oil offshore oil and gas reserves will remain economic in a scenario where abundant low cost global reserves will be available.
8Will India's output will be able to complete with Saudi Arabia or Iran's low cost supplies?
8Most possibly not unless subsidised
8This is an issue that needs careful attention of both policy makers and producers of oil and gas in technologically and geologically challenging offshore areas where most of India's oil and gas reserves are located.
8Unless cheaper onland reserves are found, India but recalibrate its policies in keeping with the BP outlook
8Should India produce or import oil is the main question
Click on Reports for more
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8Will India's output will be able to complete with Saudi Arabia or Iran's low cost supplies?
8Most possibly not unless subsidised
8This is an issue that needs careful attention of both policy makers and producers of oil and gas in technologically and geologically challenging offshore areas where most of India's oil and gas reserves are located.
8Unless cheaper onland reserves are found, India but recalibrate its policies in keeping with the BP outlook
8Should India produce or import oil is the main question
Click on Reports for more
