With much anticipation and enthusiasm, the two day, 3rd Oil and Gas Conclave 2013, one of the most famed among of Conclaves that take place at School of Petroleum Management, Pandit Deendayal Petroleum University happened on 20th September, 2013.
It was a privilege and honour to have Mr. Sashi Mukundan, India Head, BP India, as the Chief Guest to grace the occasion along with Shri D. J. Pandian (IAS, Principal Secretary, Energy & Petrochemicals Department, Government of Gujarat) and Dr. P K Banik (Directorate General, PDPU).
Inaugurating the session, Dr. H. C. Trivedi, (Director, School of Petroleum Management) and Professor Dr.Subrat Sahu, (Chairperson for the 3rd Oil and Gas Conclave 2013), warmly welcomed the dignitaries and Industry listeners to hear the Guest speakers deliberate upon The Indian Oil and Gas Sector. Giving insights of the country’s present Oil and Gas Scenario, Mr.Sashi Mukundan talked about the issues governing the sector and briefly discussed about the roots of the problem. He envisaged that the demand for oil and gas is going to rise every year and there is a need for a strong supporting policy to attract the foreign players into the exploration business. Emphasising on the pressing need of the country in oil exploration, he quoted that out of the licenses issued in the 9 NELP rounds, only 6 discoveries have been made and 3 blocks have been producing. There is also a need for latest technology in place and very few companies have the technical expertise in deep water drilling technology, to work in such high temperature and pressure regimes and in this perspective, India needs to position itself as an extremely attractive country to invite foreign players for exploration.
Mr. Sashi Mukundan further explained about the 3 key factors that the country should ensure to deal with the problem of energy security, which include, maximizing production and enable production on all Oil and Gas blocks at a faster rate, providing fiscal stability and contractual sanctity and making the business attractive.
He further highlighted that oil and gas business is highly probabilistic and the success ratio in India is about 1:10 and there is a need for technology to enhance production.He further highlighted that much of the revenue from the business is shared for the betterment of the economy.
Comparing the import of oil and gas with respect to domestic production, he highlighted that a huge sum of money could be saved every year and the fiscal deficit burden could be reduced if India focuses on domestic exploration to import of the fuel.
He also said that the situation is gradually changing as we have the minister and the secretary who really understands the issues and a lot of pending decisions with respect to RIL-BP exploration have been resolved. Moreover, the permit to drill the existing area has enabled BP and RIL in new discoveries. Added to this, the Rangarajan committee natural gas pricing formula also seems to be a positive trait.
The guest of honour, Shri. D.J. Pandian, IAS, discussed upon the importance of domain knowledge in making a policy with respect to oil and Gas business. Talking about the steps taken by Gujarat with respect to oil and gas exploration, he highlighted that the GSPC had participated in the NELP- II and III and had secured blocks in the D6 basin.
Highlighting on the importance on the domestic production, he mentioned that in order to avoid huge import cost of fuel, there is a high need to attract companies into exploration business. Discussing about the challenges related to the business, he highlighted that the business is not for a feeble minds and is a very lengthy process to take the block from exploration to production phase and is highly time consuming. He further envisaged that the policies should be framed in such a way that they facilitate the procedures when two resources are explored in the same well. He further highlighted that there is a serious problem with respect to attraction of foreign players in the exploration business.
While discussing about the subsidy issues with respect to the fuel in India, he mentioned that they should be properly channelized in such a way that they support only the needful. He further mentioned that the good gas network connection in Gujarat could be leveraged to develop PNG in the state and this would in turn; save subsidy and at the same time create employment. He further advised the student managers to think seriously to improve the domestic production. He further highlighted upon the need for proper infrastructure in place to ensure improved production and distribution.
On a concluding note, he highlighted the need for all the parties to think together to provide a viable policy and the vision should be that all the 120 crore population should get clean gas at their doorstep.
After the inaugural session, there were discussions on various crucial topics such as Regulatory Framework and Impact on Economy, Petroleum Reservoir Management and role of Simulation, Business Imperatives for unconventional sources- shifting perspective from PSC to PLP, New Gas price- Bane of Boon from various stake holders’ perspective, End effect on Natural Gas customers Uncertainty and Risk assessment in project execution among others.
The session was attended by government dignitaries, energy sector leaders and industry listeners. To name a few, the guest speakers for the roundtable were Mr. S K Tripathy, Head (OALP) & DGM (Geology), DGH, Dr. D.M Kale, Independent Director, ONGC TERI Biotech Ltd., Mr. Sunil Bharati, Head Corporate Communication, Cairn India, Mr. Shridhar Tambraparni, Joint President-CGD, Adani Gas, Mr. Gyanendra Sharma, General Manager, Mahanagar Gas Ltd., Mr.Prabhat Singh, Director Marketing, GAIL, Mr. Kumar Rudra, Project Director, Oil & Gas and Special Projects, Larsen & Toubro Ltd., Mr. V. Srinivasulu, Executive Director, APGIC, Mr. Anil Seth, AGM, Larsen & Toubro Ltd., Mr. Anil Joshi, Senior Vice President, GSPC LNG and with this, the first day of the conclave successfully came to an end.
The second day of the conclave started with the same enthusiasm and zeal with the welcome address by Director, School of Petroleum Management. The sessions that followed carried the students through an in depth knowledge on business management and marketing excellence with respect to CGD and petro retailing and talent management and HR interventions in Oil and Gas sector. The interesting topics that were discussed included Business Development and Challenges in CGD, Marketing in CGD business, Current and Future scenario of Petro retailing, Challenges in Lubricant Market, Innovative ways of Managing talent, Competency Risk Management- Challenges and Opportunities and Creating Generation Next Oil and Gas Leaders. The event came to a successful ending with the valedictory ceremony.
On a concluding note, he highlighted the need for all the parties to think together to provide a viable policy and the vision should be that all the 120 crore population should get clean gas at their doorstep.
After the inaugural session, there were discussions on various crucial topics such as Regulatory Framework and Impact on Economy, Petroleum Reservoir Management and role of Simulation, Business Imperatives for unconventional sources- shifting perspective from PSC to PLP, New Gas price- Bane of Boon from various stake holders’ perspective, End effect on Natural Gas customers Uncertainty and Risk assessment in project execution among others.
The session was attended by government dignitaries, energy sector leaders and industry listeners. To name a few, the guest speakers for the roundtable were Mr. S K Tripathy, Head (OALP) & DGM (Geology), DGH, Dr. D.M Kale, Independent Director, ONGC TERI Biotech Ltd., Mr. Sunil Bharati, Head Corporate Communication, Cairn India, Mr. Shridhar Tambraparni, Joint President-CGD, Adani Gas, Mr. Gyanendra Sharma, General Manager, Mahanagar Gas Ltd., Mr.Prabhat Singh, Director Marketing, GAIL, Mr. Kumar Rudra, Project Director, Oil & Gas and Special Projects, Larsen & Toubro Ltd., Mr. V. Srinivasulu, Executive Director, APGIC, Mr. Anil Seth, AGM, Larsen & Toubro Ltd., Mr. Anil Joshi, Senior Vice President, GSPC LNG and with this, the first day of the conclave successfully came to an end.
The second day of the conclave started with the same enthusiasm and zeal with the welcome address by Director, School of Petroleum Management. The sessions that followed carried the students through an in depth knowledge on business management and marketing excellence with respect to CGD and petro retailing and talent management and HR interventions in Oil and Gas sector. The interesting topics that were discussed included Business Development and Challenges in CGD, Marketing in CGD business, Current and Future scenario of Petro retailing, Challenges in Lubricant Market, Innovative ways of Managing talent, Competency Risk Management- Challenges and Opportunities and Creating Generation Next Oil and Gas Leaders. The event came to a successful ending with the valedictory ceremony.
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