About Us
Running successfully since 2008, IDEC has become one of the world’s leading platforms for energy experts to exchange knowledge and has become our flagship event in the industry.
Now in its 17th year, IDEC 2024 will be held in Mumbai, the commercial capital of India, 6-7 June 2023. As in the past, exhibition will be running concurrently along with the conference. IDEC 2023 saw a participation of 400 delegates from 150 regional and international companies and 15 different countries.
IDEC 2022 saw a participation of 500 delegates from 150 regional and international companies and 15 different countries.
IDEC was launched as a platform to bring & share latest trends & developments & future of the oil & gas industry. The focus of IDEC is on India’s energy landscape, in-depth understanding of near to long-term exploration, development & investment opportunities.
In Present days, there is a worldwide demand for Oil and Gas which is not going to decline for decades. It is estimated that the world consumes more than 88 million barrels of oil per day.
The world’s proven reserves are equivalent to about 46.6 times its annual consumption levels.
India is the world’s third-largest importer of crude oil after the US and China.
India’s state-owned Oil and Natural Gas Corp will invest 310 billion rupees ($4 billion) in the fiscal years 2022-2025, a growth of 50% over the last three year period, to intensify its exploration efforts. It also plans to leverage international collaborations with reputed global majors.
Global political tensions have once again unsettled the market. Digitalisation and innovation is the future of the upstream oil and gas industry.
The future of energy especially with drilling, exploration & development, collaboration across all segments of the industry from ideas sharing to human resource exchange will play a vital role in producing from difficult oilfields & maintaining production from matured fields.