Transcript of "Evolving opportunities for tomorrow’s professionals - Dr. Sunil Bharati"
BL Club IIT Delhi 15th Energy Summit, Indian Oil & Gas Sector – To meet future energy needs Evolving opportunities for tomorrow’s professionals Dr. Sunil Bharati 14 March 2013 Head - Corporate Affairs & Communications
BL Club IIT Delhi 2 Relevance of Petroleum Life line of Modern Living Constitutes nearly 60% of Global Energy mix The million years & 1 in 5 game Here to stay in this century
BL Club IIT Delhi 3 Energy Security Rs 6,72,220 crores out flow on importing crude oil – transferring our wealth to oil exporting countries to the tune of Rs 1,800 crores / day POL imports constitute more than one third of Indias total imports Import dependence in case of crude oil is only going to increase Energy exploration and exploitation, therefore is critical for energy security
BL Club IIT Delhi 4 What do we need to do? Explore more – simple; isn’t it? But it isn’t as simple as it may sound – why? The Oil & Gas story – through a geologist’s lens – the Greatest Gambler If you don’t explore you can’t produce and if you don’t find you can’t produce and if you can’t produce we will keep transferring our wealth The reality - nearly 70 % of our basins not well explored, even as we import over 75 % of our oil demand
BL Club IIT Delhi 5 Reducing carbon footprint Energy consumption will increase as the world grows – which energy source would be more sustainable? On an average Reserves of Natural Gas are much higher than crude oil, they are less concentrated But are gas pools accessible to the market Important to increase the share of Natural Gas – higher penetration will reduce oil import bill, beneficial to the environment through reduced carbon footprint
BL Club IIT Delhi 6 What is in it for you? You will be the future energy leaders – You will help to make our nation more energy secure Oil and gas actually found and developed in the minds of geologists! If you don’t have Positive Attitude, it doesn’t matter what else you have - Knowledge, skills can be acquired but attitude comes from within
BL Club IIT Delhi 15th Energy Summit, Indian Oil & Gas Sector – To meet future energy needs THANK YOU