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Evolving opportunities for tomorrow’s professionals - Dr. Sunil Bharati

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Evolving opportunities for tomorrow’s professionals - Dr. Sunil Bharati speaking at IIT Delhi at Business Line Club

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Evolving opportunities for tomorrow’s professionals - Dr. Sunil Bharati

  1. 1. 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
  2. 2. 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
  3. 3. 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
  4. 4. 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
  5. 5. 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
  6. 6. 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
  7. 7. BL Club IIT Delhi 15th Energy Summit, Indian Oil & Gas Sector – To meet future energy needs THANK YOU

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