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India : Petroleum Minister asks SPG to bring out key technology challenges: SPG International Conference Jaipur-2015.

The Honble Union Minister of State Mr. Dharmendra Pradhan has asked the Society of Petroleum Geophysicists (SPG) India to bring out the topmost 5-6 technological challenges in the field of exploration of oil and gas. Inaugurating the 11th Biennial International Conference & Exhibition of the SPG India organized by ONGC at Jaipur today, Mr. Pradhan promised that the Ministry of Petroleum & Natural Gas will consider these challenges and support for their resolution.

Referring to geoscience technologies as the key link in improving exploration success for oil and gas in the country, the Union Minister said there are immense potential in the un-appraised sedimentary basins. We need to fast-track exploration, with collective collaboration between the government and the geoscientific community. This is only way to reduce our growing dependence on imported oil.

Citing Prime Ministers call to reduce import dependence by 10 per cent by 2022 - the 75th anniversary of Indian independence, Mr. Pradhan felt that upstream energy companies like ONGC are a key component for this energy security, and Geophysics is one of the most important cogs in the wheel.

Earlier, addressing the significant turnout of delegates, which included international oil & gas stalwarts from across the globe, Petroleum Secretary Mr. K D Tripathi opined that to realize the untapped potential in the Indian sedimentary basins, geoscientists need to challenge the oil concepts and look for new ones, especially in the Mannar, Bengal and Andaman deepwaters. Mr. Tripathi, appreciating the apt theme of the conference Solutions through Technologies, Uncertainty to Possibility, asked the geoscientists to create appropriate models to lead from Uncertainty to Possibility and then to Uncertainty.

SPG 2015 is a Green initiative and all the technical papers as well as proceedings have been provided to delegates in on-the-go pendrive.

Mr. D K Sarraf, CMD ONGC who is also the Chief Patron of SPG India, said that while the world petroleum industry is reeling under the low crude prices, for India it is economically good as India is a net importer of crude oil. For NOCs like ONGC, it is an opportunity to build up upstream capacity, leveraging the low service costs and availability of quality service.

Mr A K Dwivedi, Director (Exploration), ONGC patron of SPG India, said that SPG is committed to develop cutting edge technologies, especially related to seismics, to de-risk the upstream petroleum industry.

The SPG is affiliated to the Society of Exploration Geophysics (SEG) of USA and the European Association of Geoscientists and Engineers (EAGE), The Netherlands. President Elect of SEG Mr. William L Abriel and Representative of EAGE Ms. Valentina Socco of EAGE talked of the inclusive work of their associations and their professional bond with SPG India.

The 3-day International Conference & Exhibition of SPG is being held in Jaipur for the first time. Apart from sharing petroleum industry best practices, the Exhibition is also showcasing state-of-the-art technologies by various global oil-field service providers. The Exhibition also was inaugurated by the Minister.

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Publication:Mena Report
Article Type:Conference news
Geographic Code:9INDI
Date:Dec 6, 2015
Words:500
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