Petroleum Minister inaugurates India Pavilion at ADIPEC 2021
Minister of Petroleum & Natural Gas and Housing & Urban Affairs Hardeep Singh Puri inaugurated the India Pavilion at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2021. Oil and gas companies are participating in the Pavilion under the aegis of Ministry of Petroleum and Natural Gas. Mr Puri visited all the stalls of companies after inaugurating the pavilion.
ONGC CMD Subhash Kumar welcoming Petroleum Minister Hardeep Singh Puri at ONGC Pavilion
The minister also interacted with the representatives of participating companies in the India Pavilion. He said that the Government of India is going to be stepping on the accelerator in terms of exploration and production in a very big way. “Out of the total 3.5 million sq. km of area that we have; earlier we used to only explore something like 7-8 per cent. But we are now taking this 0.2 million sq. kms, which is 8 per cent, up to 0.5 million sq. kms, which is 15 per cent by 2025. Now 15 per cent by 2025 means massive additional areas to be under E&P. It means that apart from the area under E&P being subjected to massive increase, we have gas pipeline that is going to increase to 34,000 kms,” he said. Mr Puri noted this means USD 60 billion investment in gas pipeline, infrastructural loan, increasing refining capacity massively from 250 to 400 MMT per annum by 2030 and gas mix from around 6 per cent to 15 per cent. “Events like this provides great opportunity to our professionals to interact with professionals globally. I am sure the next two or three days will be very fruitful,” he noted.
Hardeep Singh Puri addressing representatives from various companies
Visiting the ONGC pavilion, he was very appreciative of the role of ONGC in putting seven out of the eight sedimentary basins under production and its efforts for the energy security of the country.
One for the album
The ONGC Pavilion saw a rush of representatives from various companies on the first day with queries from Bathymetric Mapping, to well control to digital solutions for production and many others.
ONGC CMD, Director (Exploration) and senior officials interacting with various visitors at ONGC Pavilion
A series of meetings with various global energy majors are being held as part of the multi-pronged strategy to seek partners for
- Bid out of marginal fields
- Production enhancement contract
- Consolidating international footprints
- Partners for HP-HT & difficult plays
- Collaboration in exploration & development
- Reorienting portfolio in line with emerging scenario