Presentation is loading. Please wait.

Presentation is loading. Please wait.

It's our turn now! The energy security imperative www.pwc.com December 11, 2012 11 th Petro India.

Similar presentations


Presentation on theme: "It's our turn now! The energy security imperative www.pwc.com December 11, 2012 11 th Petro India."— Presentation transcript:

1 It's our turn now! The energy security imperative December 11, th Petro India

2 PwC December 11, 2012 Page Agenda 1 Energy is economic insecurity1 2 Industry Captains views5 3 The ask8 It's our turn now! The energy security imperative

3 PwC December 11, 2012 Energy is economic insecurity Section 1 It's our turn now! The energy security imperative 1

4 PwC December 11, 2012 Hydrocarbon sector can make or mar the economy Oil trade deficit and non-oil trade deficit (in billion USD) Section 1 – Energy is economic insecurity It's our turn now! The energy security imperative 2 Oil imports as a % of India’s total exports Weakening of the Rupee Oil trade deficit as a % of India’s total trade deficit 50% 54% Drawdown of foreign exchange to the tune of 12.8 billion USD 17 MMT additional domestic production would have avoided the drawdown INR $12.8 bn.

5 PwC December 11, 2012 Rather than for securing energy sources, energy security seems more compelling for economic reasons …..(1/2) Section 1 – Energy is economic insecurity It's our turn now! The energy security imperative 3

6 PwC December 11, 2012 Rather than for securing energy sources, energy security seems more compelling for economic reasons….(2/2) Section 1 – Energy is economic insecurity It's our turn now! The energy security imperative 4 40% 50% 70% Govt. take in USD billion

7 PwC December 11, 2012 Industry Captains views Section 2 It's our turn now! The energy security imperative 5

8 PwC Hydrocarbon and beyond: Changing landscape Petrotech Society and PwC administered a survey. Fuel for thought Senior management survey, October 2012

9 PwC December 11, 2012 PwC-Petrotech survey “Fuel for thought” in October 2012 is a reflection of direction desired Section 2 – Industry Captains views It's our turn now! The energy security imperative 7 India is rich in hydrocarbon and ……, our primary focus should be on promoting investments in the domestic E&P sector. 60% increased private sector participation can help address India’s energy security challenge. 95% the country’s energy policies need to be more aligned to meet the energy security challenge. 88% stability in policies is a must to encourage companies to adopt expensive cutting edge technology in India. 96%

10 PwC December 11, 2012 The ask Section 3 It's our turn now! The energy security imperative 8

11 PwC December 11, 2012 In an evolving sector, disclarity is not unexpected. Purpose is to deal with it expeditiously. Section 3 – The ask It's our turn now! The energy security imperative 9 Royalty: post well head costs Term extension in producing blocks Arms length price discovery: participant sectors Well wise accounting: Retrospective withdrawal …………………………………..

12 PwC December 11, 2012 Growth beyond marginal or organic levels Objectives drive policies Matching Norway & Brazil like monitoring Partnerships of stakeholders.... During long journey, have gas imports A focussed E&P sector growth will not only provide fule but life to economy. Section 3 – The ask It's our turn now! The energy security imperative 10 It’s our turn now E&P partnership for energy security

13 The information contained in this document is provided 'as is', for general guidance on matters of interest only. PricewaterhouseCoopers is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. Before making any decision or taking any action, you should consult a competent professional advisor. © 2012 PricewaterhouseCoopers Private Limited. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Private Limited (a limited liability company in India), which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. Thank you


Download ppt "It's our turn now! The energy security imperative www.pwc.com December 11, 2012 11 th Petro India."

Similar presentations


Ads by Google