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India is emerging as a key hub for new oil and gas field developments in Asia, with industry analysts projecting that the country will drive the highest number of upstream project starts between 2026 and 2030. This uptick reflects sustained energy demand, government reforms to attract investment, and strategic efforts to bolster domestic production capacity.
According to industry outlooks, India — along with Indonesia and Malaysia — is expected to see a significant pipeline of field projects come online over the next several years. In India’s case, this includes a mix of conventional oil and gas discoveries, brownfield expansions and new greenfield developments, driven by state players such as Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC) as well as international partners.
India’s energy consumption continues to grow rapidly as urbanisation and industrial activity expand. The government has articulated plans to raise the share of natural gas in the national energy mix to around 15% by 2030, up from roughly 6–7% today, as part of broader efforts to reduce carbon intensity and enhance energy security.
To support this goal, regulators have introduced investor-friendly upstream policies and licensing rounds that open new sedimentary basins to exploration, particularly in underexplored regions onshore and offshore. These reforms aim to allow earlier monetisation of discoveries and provide clearer fiscal terms for development.
On the infrastructure front, India’s extensive pipeline and processing network — including projects such as the Urja Ganga gas grid — lays a foundation for bringing new production into demand centres.
Analysts estimate India could initiate upwards of 50 upstream field projects by the end of the decade, with a majority in the gas segment and many representing greenfield developments. Early-stage feasibility and approvals dominate these pipelines today, although some are moving toward front-end engineering and construction phases.
Prominent ongoing developments include expansions at existing fields such as Mumbai High, which continues to produce both crude oil and associated gas off India’s west coast, as well as new exploration and appraisal drilling offshore. Recent industry activity has also seen the first subsea installation in the Ambe block by Cairn Oil & Gas — a symptom of growing technical competence in offshore project execution.
In addition, onshore basins such as Cambay, Assam and KG Basin show potential for output boosts as drilling activity expands and new discoveries are tested for commercial viability. Early exploration success in the Mahanadi Basin and other blocks suggests further gas targets may be developed in coming years.
Large-scale upstream projects — whether offshore or onshore — require extensive capital equipment and high-performance materials. As activity accelerates toward 2030, several areas of material demand are expected to grow:
• Pressure Vessels & Separators
These are fundamental components of surface facilities used to separate oil, gas and water streams. They often require clad plates or corrosion-resistant alloys to handle sour gas environments and cyclic loads.
• Pipelines and Flowlines
New gathering systems, field transmission lines and export infrastructure will drive demand for seamless and welded pipe, high-integrity fittings, flanges, and specialised transition joints.
• Heat Exchangers & Process Skids
Gas conditioning and processing plants demand heat exchange systems that can withstand high thermal gradients and corrosive media, often utilising stainless steel, nickel-based alloys or clad material combinations.
• Subsea Production Hardware
Offshore subsea projects require corrosion-resistant components for templates, manifolds, risers and connectors. Advanced alloys and precision welding help meet the durability requirements for long-term subsea service.
For companies like FUGO TECH, which supply clad plates, bimetallic transition pieces, nickel and stainless-steel products, this expanding upstream activity presents a broad spectrum of potential opportunities across project phases — from appraisal drilling support facilities to full-scale production infrastructure.
India’s upstream momentum comes amid wider energy dynamics. The country is also growing its LNG import infrastructure, as demand for gas outstrips domestic output in the near term, and refining majors pursue longer-term contracts with foreign suppliers.
At the same time, domestic energy companies are diversifying into renewable and lower-carbon ventures, balancing traditional upstream growth with longer-term decarbonisation commitments.
As policy reforms take shape and investment flows into exploration and field development, India’s upstream sector is poised for one of its most dynamic periods in decades. The expansion of field projects and supporting infrastructure through 2030 will not only influence national energy security but also generate substantive material and supply chain demand for specialised components and advanced alloys.
Your Best Partner for Clad Plate & High Alloys: Fugo Tech
Nanjing Fugo New Material Tech Co., Ltd. (Fugo Tech) is an ISO 9001 and PED 2014/68/EU certified manufacturer specializing in Clad Material (Explosive Clad Plates & Rolled Clad Plates/Clad Dish Heads/Clad Tube Sheets) and Titanium, Nickel Alloy, Copper Alloy and Stainless Steel products (Pipe/Tube/Fitting/Flange/Forging) which are widely used in the Heat Exchanger, Pressure Vessel, Reactor, Column, Tower, and other process equipment.
Fugo Tech offers different material combinations of Clad Plate (Explosion-welded clad plate/composite plate & Rolled-welded clad plate/composite plate) , and also offers a wide range of materials, including Titanium, Nickel Alloy, Copper, Cu-Ni, and Stainless Steel, along with custom processing services (Tube Sheet drilling, and Dish Head forming) for Oil & Gas, Petrochemical, Chemical, Energy, Paper & Pulp, Marine, Shipbuilding, Environment, Metallurgy, and New Energy Vehicles, with a strong focus on high-performance Clad Plate & Titanium & Nickel Alloy & Stainless Steel solutions.
For any new requirement, please contact: sales@fugo-tech.com
Fugo Tech is focused on the manufacturing of clad metal plate and distributes the Stainless Steel, Titanium, Nickel Alloy, Zirconium and other non-ferrous metal pipes, fittings, flanges, and fasteners.
