Case Code : CLIBE048
Publication date : 2005
Subject : Business Environment
Industry : Oil & Gas Drilling & Exploration
Length : 04 Pages
Short Case Study Price: INR 50;
The subject of this caselet is the oil and gas exploration market in India. The new exploration and licensing policy (NELP) and its effects are also focused on. The caselet discusses the controversy between Cairn Energy PLC and ONGC over the payment of production tax (cess). It also discuss at length the actions of the petroleum ministry to resolve the problem and the refusal of Cairn Energy to pay the cess and royalty.
Questions for Discussion:
1. Is Cairn right in refusing to pay the cess on crude oil it planned to produce from Barmer district? Justify your answer.
2. What is NELP? Discuss its role in increasing the production of oil and natural gas in India.
Crude oil, petro-products, New exploration and licensing policy (NELP), Cairn Energy PLC, Declaration of Commerciality, Thar desert, Field Development Plan, Oil and Natural Gas Corporation (ONGC), Petroleum Ministry, production tax (cess), Law Ministry, Production Sharing Contract (PSC).
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