Indian oil business on the lookout for Norwegian technology
A desperate need to cover the explosive growth in domestic energy consumption is about to force Indian authorities into deep water looking for new hydrocarbon reserves. Norway is one of the models they look to when organizing the Indian oil business.
Increased extraction in mature fields is another important issue. The aim, according to Reinboth, is to increase the average degree of extraction from 30 to 40 per cent.
The world's largest gas field in deep water so far was discovered in 2002 on the Indian shelf. The field is believed to contain more than 1,6 trillion cubic metres of gas and lies on 1,700 - 1,800 metres' depth. By end 2008 the privately owned oil company RIL will have established a production plant that can extract as much as one million cubic metres of gas per day.