The New Exploration Licensing Policy (NELP) was introduced by the Government of India in 1997-1998 to attract private investment in oil and gas exploration through international competitive bidding. NELP awards exploration blocks to companies via production sharing contracts. Over 10 rounds of NELP bidding have been held, awarding over 300 contracts and committing over $11 billion in planned exploration investment. However, some blocks have seen delays or underperformance due to issues like regulatory uncertainty, contractual problems, or perceived reserve quality. India is now moving from NELP to an Open Acreage Licensing Policy (OALP) that gives companies more flexibility and autonomy in selecting exploration areas.
Introduction to Oil and Gas Industry from Upstream (Exploration & Production), Midstream (Transportation & Storage), to Downstream (Refining, Petrochemical, & Marketing)
A brief summary of Oil and Gas Upstream. PPT includes basic Chemistry, Basic Geology, Oil formation, Migration of Petroleum, Reservoir, porosity, permeability, Geological structures for petroleum entrapment, Exploration methods, Geological methods, Geophysical methods, geophysical methods, seismic methods, seismic methods, gravity methods, magnetic methods, well drilling, preparation to drill, setting the rig, drilling, enhanced oil recovery, EOR, primary oil recovery, secondary oil recovery, thermal recovery, gas injection and chemical injection
Introduction to Oil and Gas Industry from Upstream (Exploration & Production), Midstream (Transportation & Storage), to Downstream (Refining, Petrochemical, & Marketing)
A brief summary of Oil and Gas Upstream. PPT includes basic Chemistry, Basic Geology, Oil formation, Migration of Petroleum, Reservoir, porosity, permeability, Geological structures for petroleum entrapment, Exploration methods, Geological methods, Geophysical methods, geophysical methods, seismic methods, seismic methods, gravity methods, magnetic methods, well drilling, preparation to drill, setting the rig, drilling, enhanced oil recovery, EOR, primary oil recovery, secondary oil recovery, thermal recovery, gas injection and chemical injection
Cost management for petroleum exploration part aHamdy Rashed
Cost control and management is not appropriate only for manufacturing and commercial industry; cost management is applied in upstream industry such as Petroleum exploration, development and production cost. Many Petroleum Companies don’t pay more attention to cost control and especially during exploration phase except if Companies face financial dilemma, declining production or if they see they cannot meet their planned schedule of Capital program that lead them to not meet their obligation, commitments and required return, therefore, they start considering cost reduction or control. This paper provide management accountant, cost controller, financial controller, financial manager, internal auditor with brief of cost control and how cost is analyzed and managed in Petroleum upstream, industry.
TYPES OF PETROLEUM CONTRACTS AGREEMENT; Product Sharing Contract/Agreement (PSC/PSA); Concession (or Tax-and-Royalty) Contracts; STABILIZATION; EGYPTIAN HYDROCARBON FISCAL REGIME;; Main Differences Concessionary & Production Sharing Contracts (PSCs); Participation/Joint Venture/ Association (or Arrangements); Service Contracts; WHAT CHOICES OF LAW ARE POSSIBLE? Rule of Capture; Law of the Sea Act 77 & the Rule of Capture; KEY ISSUES IN UNITIZATION AGREEMENTS; UNITIZATION CLAUSES; Discretionary Unitization Clauses; Non-Discretionary Unitization Clauses; Cross-border or International Unitization; EGYPT PETROLEUM FUTURE; UNDERSTANDING EGYPT; PRODUCTION SHARING CONTRACTS AND TAX BARRELS; Egypt Production Sharing Contract (PSC); Typical Egypt Development Lease
Cost management for petroleum exploration part aHamdy Rashed
Cost control and management is not appropriate only for manufacturing and commercial industry; cost management is applied in upstream industry such as Petroleum exploration, development and production cost. Many Petroleum Companies don’t pay more attention to cost control and especially during exploration phase except if Companies face financial dilemma, declining production or if they see they cannot meet their planned schedule of Capital program that lead them to not meet their obligation, commitments and required return, therefore, they start considering cost reduction or control. This paper provide management accountant, cost controller, financial controller, financial manager, internal auditor with brief of cost control and how cost is analyzed and managed in Petroleum upstream, industry.
TYPES OF PETROLEUM CONTRACTS AGREEMENT; Product Sharing Contract/Agreement (PSC/PSA); Concession (or Tax-and-Royalty) Contracts; STABILIZATION; EGYPTIAN HYDROCARBON FISCAL REGIME;; Main Differences Concessionary & Production Sharing Contracts (PSCs); Participation/Joint Venture/ Association (or Arrangements); Service Contracts; WHAT CHOICES OF LAW ARE POSSIBLE? Rule of Capture; Law of the Sea Act 77 & the Rule of Capture; KEY ISSUES IN UNITIZATION AGREEMENTS; UNITIZATION CLAUSES; Discretionary Unitization Clauses; Non-Discretionary Unitization Clauses; Cross-border or International Unitization; EGYPT PETROLEUM FUTURE; UNDERSTANDING EGYPT; PRODUCTION SHARING CONTRACTS AND TAX BARRELS; Egypt Production Sharing Contract (PSC); Typical Egypt Development Lease
Management Of Contracts The D Os, Dontsutkarshjani
Most of the companies regulalry enter into complex contracts but seldom give due imporantance on effective management of the said contract. Here are some effective tools for the same
Introduction to Incoterms
Who pays for what?
Who set the rules?
What are they?
Incoterms 2000
Incoterms 2010
List of Incoterms 2010
Incoterms 2010 Groups
Incoterms changes
Going through the 11 Incoterms rules
Fast facts
Glossary
Sources
عرض باور بوينت يشرح الوسائل السلمية لتسوية المنازعات الدولية ويوضح أهميتها ويفرق بين الوسائل المختلفة بما يفيدك في سرعة استيعاب المعلومات القانونية والتطبيق علي القضايا الدولية المطروحة علي الساحة الدولية وحل المنازعات المعروض أمام الجهات المختلفة للتسوية
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Study analysis of determination of fiscal risk implemented in several models of petroleum contracts, a study within licensing bid rounds contracting system of Iraq
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Exploration and production of oil and gas in Norway, laws related to E & P, Petroleum laws, lease licence for exploration,Tax regime, reserves and production data
#Oges Webinar Next 5 years in oil gas sector of india.pptxOges G(Pte) Ltd
Some Facts About Oil, Gas Market in India-
The demand for Oil &Gas in India is on the rise due to its economic and population(skilled) growth year on year.
Indian Government has made provisions to attract private investment and to increase domestic production through various reforms in the Oil&Gas sector policies. The Government is keen to remove all the obstacles to investment and incentivize oil and gas sector on the lines of ease of doing business and promote the Make in-India initiative in Oil&Gas too.
Several private companies have emerged as important players in the past decade. It is a transparent and level playing field for Indian private/foreign investors and national oil companies — both enjoy the same fiscal and contract terms.
Investment opportunities in India lies in upstream, gas pipeline, CGD network, LNG Terminal, Petrochemical and Refinery.
To encourage private players and global oil companies, Income generated from storage and selling of Crude Oil in Strategic crude oil reserves has been exempted from Income Tax
Government announced the Discovered Small Fields Policy in March, 2016 for monetization of 67 discoveries thorough international competitive bidding.
Government has approved HELP and same has been notified on March 30, 2016. This policy provides a uniform licensing system to explore and produce all hydrocarbons such as oil, gas, coal bed methane, shale oil/gas, etc. under a single licensing framework, option to select the exploration blocks without waiting for formal bid round and also provides many incentives such as reduced royalty rates for offshore blocks, marketing & pricing freedom and easy to administer revenue sharing model.
To improve the various processes in a hospital in order to reduce the time for patients and doctors and increase availability of doctors and reducing bottlenecks
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
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A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
2. Introduction
• By Government of India in 1997-98
(conceptualized by Amit Singh).
• Objective:
Attract significant risk capital from
Indian and Foreign companies
State of art technologies
Best management practices in the country to meet
rising demands of oil and gas.
Boost production of Oil and Natural Gas.
Equal platform to public and private sector
3. Directorate General of Hydrocarbons
(DGH)
• Founded in 1993 under the Ministry of Petroleum and Natural
Gas.
• Promote sound management of the oil and natural gas
resources having a balanced regard for environment, safety,
technological and economic aspects of the petroleum activity.
• Responsibilities:
Awarding blocks
Executing production sharing contracts
Monitoring developments.
• Headquarters: New Delhi, India
• Minister responsible: Dharmendra Pradhan, Ministry of
Petroleum and Natural Gas
• Agency executive: Shri R N Choubey, Director General.
4. Downstream
The downstream sector commonly refers to:
• The refining of petroleum crude oil.
• The processing and purifying of raw natural gas.
• Marketing and distribution of products derived from crude oil and natural
gas.
• Products include:
Gasoline or petrol
Kerosene
Jet fuel
Diesel oil
Heating oil
Fuel oils
Lubricants
Waxes
Asphalt
Natural gas and
Liquefied petroleum gas (LPG) as well as hundreds of petrochemicals.
5. Upstream and Midstream
• The upstream sector includes:
Searching for potential underground or underwater crude oil and
natural gas fields.
Drilling of exploratory wells.
• The midstream sector involves:
The transportation (by pipeline, rail, barge, oil tanker or truck)
Storage and
Wholesale marketing of crude or refined petroleum products.
• Pipelines and other transport systems can be used to:
Move crude oil from production sites to refineries and
Deliver the various refined products to downstream distributors.
• Natural gas pipeline networks aggregate gas from natural gas
purification plants and deliver it to downstream customers, such as
local utilities.
6. 26 Sedimentary
Basins
1.39
0.4
1.35
Total Area: 3.14 million Sq.
Km.
Onland
Shallow Water
Deep Water
• At present 1.06 million
km2 (33.75%) area is
held under Petroleum
Exploration Licenses in
18 basins.
• In 1999, a mere 11% of
Indian sedimentary
basins were under
exploration.
7. Need for NELP
• Fifth largest consumer of primary energy and the
third largest consumer of oil.
• Huge need for enhancing supply of energy
resources.
• Dependence on imported petroleum continues to
grow.
• Introduction of much-needed capital and state-of-
the-art technology to explore the sector.
• Brought major liberalization in the sector and
created pathways for private and foreign
investment.
8. Salient Features
• 100% FDI allowed.
• No mandatory state participation through
PSUs.
• Blocks to be awarded through open
international competitive bidding.
• ONGC and OIL to compete for licenses on a
competitive basis.
• ONGC and OIL to get the same fiscal and
contract terms as private companies.
9. Salient Features (Cont.)
• Freedom to the contractors for marketing of crude oil
and gas in the domestic market.
• Royalty :12.5% for the onland
10% for offshore areas.
• Cess to be exempted.
• Companies to be exempted from payments of import
duty on goods imported for petroleum operations.
• Contracts to be governed in accordance with applicable
Indian Laws.
10. NELP-VIII
• 31 production sharing contracts (30 June 2010).
8 deepwater blocks
11 shallow water blocks and
12 onland blocks.
11. NELP-IX
• 33 exploration blocks were offered.
• (ONGC) bid for 10 blocks.
• Oil India Ltd (OIL) bid for 29 blocks and
managed to get 10.
• Reliance Industries bid for 2 deep-sea blocks and
4 onshore blocks in Rajasthan and Gujarat.
12. Executive Summary
Parameter NELP I NELP II NELP III NELP IV NELP V NELP VI NELP VII
NELP
VIII
NELP IX
No. of
blocks
offered
48 25 27 24 20 55 57 70 34
No. of
blocks bid
for
28 23 54 21 20 52 45 36 33
No. of
Bids
received
45 44 52 44 69 165 181 76 74
No. of
Blocks
Awarded
25 23 23 21 20 52 44 34 19
No. of
PSCs
signed
24 23 23 20 20 52 41 32 19
13. Investment under NELP (US$
Million)
NELP Committed investment Actual Investment as on 30.06.2014
NELP Rounds
Exploration
Investment
Commitment
Actual
Exploration
Investment
Actual
Development
Investment
Total Investment
NELP-I 1082.23 4412.48 7760.1 12172.58
NELP-II 775.41 823.82 33.36 857.18
NELP-III 978.18 3308.85 1626.45 4935.3
NELP-IV 1135.05 2071.75 3.86 2075.61
NELP-V 847.22 756.9 0.37 757.27
NELP-VI 3570 2020.46 - 2020.46
NELP-VII 1504.61 609.76 - 609.76
NELP-VIII 1102.25 182.48 - 182.48
NELP-IX 733.66 63.10 - 63.10
Total 11728.61 14249.6 9424.14 23673.74
14. NELP-X
• Tenth round may be the last in the series.
• The government intends to shift to the open acreage
licensing policy (OALP).
• NELP-X will have a uniform licensing model —
which means under a single contract, drilling of all
forms of hydrocarbons, from oil and gas to shale could
be done.
• 42 blocks have been shortlisted.
• It will be held with a revenue-sharing model.
15. Failure
• Investors have to wait for the next round of
exploration to participate.
• Investors cannot choose the oil field that they like.
• Collecting accurate data over capacity of oil fields is
a challenging task.
• Faulty production sharing contracts.
• Perception about poor quality of reserves.
• Flip flops in government regulation on gas prices and
marketing terms.
• Lack of clarity on tax and cost implications.
• Delay in getting clearances.
16. OALP VS NELP
• An exploration company can express its interest
in a block any time.
• Data for these blocks would be made available to
the bidders.
• Permits every company to study and specialize in
certain geographies making the entire country
open for E&P.
• Gives operators flexibility in block location, size
and project financing.
• Companies can extend their block boundaries.
17. References
• Directorate General of Hydrocarbons
• Government of India: Ministry of Petroleum and
Gas
• Association of Oil and Gas Operators
• www.Dghindina.org
• petroleum.nic.in/docs/nelp.pdf
• https://en.wikipedia.org/wiki/New_Exploration_L
icensing_Policy