During the inaugural session of the International Oil & Gas Technology Conference, Director (Onshore) Anurag Sharma discussed about the importance of energy security and the key initiatives ONGC is taking towards this. He mentioned about the energy mix scenario in India, and meeting NetZero targets which will become a priority. “Similarly, there will be a long-term path for fossil fuels, which will invariably form part of the energy solution,” noted Mr Sharma.
The International Oil & Gas Technology Conference (IOGTC) 2021 was virtually launched on 14 December, with the theme “Future through work & data-use innovation”. During the two-day conference industry experts from across the world will be discussing ideas and solutions on reinventing operating models to Improve Efficiency, Extend Asset Economic Life, Create Resilience, and Reduce Greenhouse-Gas (GHG) Emissions for Oil & Gas Exploration, Drilling & Production companies. The inaugural session was also graced by Managing Partner, Subsea First Oil & Gas Solutions (Former Head Offshore Reliance Industries Ltd E&P) V Sivaramakrishna and Head of Operations of Cairn Oil & Gas Vinay Mathur.
Director (Onshore) delivering the keynote address during the inaugural session of IOGTC 2021
Director (Onshore) said that the potential benefits of digital technologies are increased productivity, safer operations and cost savings. “The trial and error approach of new digital technologies is acceptable in many sectors; however, capital-intensive businesses such as the oil & gas industry can’t solely rely on it to address a problem. But, to become a digital leader, a company has to modernize its core assets like in case of our sector, rigs, equipment, platforms and facilities,” said Mr Sharma.
“Operation of ONGC is spread across the length & breadth of the country. ONGC has always been a front runner in adopting advanced technologies. With ongoing induction of the latest state of art equipment, ONGC shall be a future ready E&P operator,” added Mr Sharma.
Speaking on the latest technological improvements in the sector, Mr Sharma touched upon some of the recent technologies being implemented in different onshore fields of ONGC. He stated that energy Maharatna ONGC has adopted new advanced technologies like automated Drilling and Workover Rigs, remote monitoring of SRP wells, digital oil field conceptualization, chemical EOR etc.
Glimpse of the inaugural session
Managing Partner, Subsea First Oil & Gas Solutions (Former Head Offshore Reliance Industries Ltd E&P) V Sivaramakrishna highlighted the need for incremental innovation in the upstream sector with an agile workflow system striking the right balance between investment in people and investment in technology. He also talked about the importance of advanced solutions used in the subsea and deep water sectors.
Head of Operations of Cairn Oil & Gas Vinay Mathur addressed the session mentioning how digitalization/Industry 4.0 is impacting this sector and how optimization is playing a major role. The technology spotlight also assessed the validity of AI, Machine Learning and Block chain in greater depth in supporting supply chain processes.