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Seminar organised by the EX-ONGC Executives’ Welfare Association, New Delhi

Seminar organised by the EX-ONGC Executives’ Welfare Association, New Delhi on how to cut import of crude oil by 10% by end of year 2022.  

The Ex-ONGC Executives’ Welfare Association organized a day-long seminar on August 12th, 2017 at the India Habitat Center, New Delhi, on the call given by Honourable Prime Minister, ShriNarendraModiji to cut import of oil by 10% by the year 2022.

Honourable Prime Minister Shri Narinder Modi had, in his address during “UrjaSangam” on March 27, 2015 had called upon the oil companies to work hard to cut import of oil by 10% by the year 2022. All the oil companies thereafter began developing their own strategies and plans fulfill this dream of the great visionary. The seminar was intended to listen to the industry leaders about their plans to achieve this objective.

The initiative of the Association was well received by the Upstream oil companies, service companies as well as consultants. A large number of senior officersincluding some ED-Asset Managers from various work centres of ONGC – Mumbai, Kakinada, Ahmedabad, Mehsana, Rajahmundhry, Dehradun, Jorhat, Tripura, and Delhi attended the seminar. Delegates from upstream companies Oil India, Cairn India Ltd. HOEC, service companies Dynamic Drilling, Deep Industries, Parveen Industries, Schlumberger, Baker GE, WOM, Askara, financial consultants PwC and the Government controller –DGH also actively participated in the seminar. Former Secretary to the Government of India, Shri Anil Kumar Rajdan, Trade Commissioner of the High Commission of Canada,ShriSaibalGhosh, stalwarts of the oil industry, S/Shri SK Manglik, BC Bora, RS Sharma,Avinash Chandra, RS Butola, BB Sharma, SS Paintal, S Shrinivasan, DN Avasthi, JauhariLal, AK Hazarika, Ashok Varma, S Rath, NK Bharali, BC Nayak, Chandra Shekhar - to name a few – were present, which prompted Shri DK Sarraf, CMD to comment in his inaugural address that this was a dream audience where representatives from major stake holders were present and the hall had a cumulative experience of over 2500 years of oil industry experience!

Shri NK Verma, MD(OVL) and ShriUtpal Bora, CMD (OIL) also appreciated the initiative of the Association in their respective speeches and encouraged it to organize more such seminars in future.

Some of the Service providers, while commending the step, stated that only an organization like Ex-ONGC Executives’ Welfare Association could bring the upstream companies, service providers and so much of experience on one platform, and promised their participation in all such future endeavors.
The program began with a presentation from Directorate General Of Hydrocarbons, bringing out the projections of production and consumption of hydrocarbons in the country, and the potential and resources to exploit the established reserves. Very interesting presentation was given by MD (OVL) on the opportunities and strategies worldwide. CMD (OIL), enlightened the delegates with the development plans of Oil India. Cairn and HOEC presented the strategies that were adopted by them in developing difficult oil fields. ED-Asset Manager of Eastern Offshore Asset, Kakinada gave an insight into the development plan and status of various activities for the prestigious 98/2 block off the east coast of India. Schlumberger, Baker GE, presented the new technologies. PwC presented a scenario where the oil prices remain low and India keeps importing oil instead of investing into development of its own oilfields, which resulted in animated discussions during the question hour.

The entire program was organized very professionally by the office bearers of the Association and well appreciated by all participants.