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IDEC is as a platform that brings international oil & gas companies & domestic players together, to share latest trends, technological developments & discuss future of the oil & gas industry.
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.