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Development of the Oil Sector In India
A “Fresh” Perspective
Baljit Singh
Country Manager, India
Nexus Deepwater Engineering Inc.
Disclaimer
*******The opinions expressed and shared in this presentation are entirely my own. They
should not be seen as reflecting the views of my current or previous employers or as having
been authorized or approved by anyone other than myself. *******
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
India Upstream
Energy Trilemma Indices
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
 Energy Security
 Energy Equity
 Environmental Sustainability
Energy Trilemma IndicesEnergy Trilemma Indices
“Development of the Oil Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
“Development of the Oil Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Background
Status
Discussion
Observations
Perspective Way Forward
India Upstream
Another Observation
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
PM Narendra Modi September 2016 Interview to Network 18
An Observation
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
1976 – 2016
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Mech/Petroleum Engg.
 Drilling
 Log Interpretation
 Reservoir/Simulation
 Well Testing
 Completion
 Production
 Economics
Leadership
 Worldwide
 NOC, IOC, Consulting
 Speaker
 SPE
Offshore/Deepwater/Onshore
 Rig Operations
 Rig Design/Construction
 Deepwater Systems
 Architecture
 Flow Assurance
 Subsea Hardware
 Operations
 FPSO
 R&D
The Experiences
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Energy Security Impact on India
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Final Thought
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Dr. Montek Singh Ahluwalia speaking at ‘One Globe 2016’
1976 – 2016
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
$1.8B
$3.8B+!
2003 – 2019?
INR 1500 Cr. ??
India’s E&P Record
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
“Finicky” Oil Price
“Development of the Oil and Gas Sector In India - A “Fresh”
Perspective”
PDPU Energy Conclave
X Years
Does Not Follow Scale
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Actions Being Taken
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
A Deep/Utra Deepwater
Field
Project PlanningJoint Efforts
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
People, Process, Audit
Field
Macondo
2010
Mumbai High North
2005
An Observation
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Marginal Field
Background
“Indian E&P Sector - Challenging Status Quo and Need for Disruption”
ENECON 2016 – “RE-Energizing” India
Pune, 28 August 2016 10
Marginal Field
Background
“Indian E&P Sector - Challenging Status Quo and Need for Disruption”
ENECON 2016 – “RE-Energizing” India
Pune, 28 August 2016 10
Marginal Field
Background
“Indian E&P Sector - Challenging Status Quo and Need for Disruption”
ENECON 2016 – “RE-Energizing” India
Pune, 28 August 2016 10
Marginal Field
An Observation
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
BackgroundKrishna Godavri
Do a very Thorough Analyses
“Development of the Oil and Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Energy SecurityDynamics of Indian O&G
I think we need to move forward
– we are always looking back
ONGC - RIL
Let outside “Indian” expertise be
“part” of your company
DEVELOP LOCAL CONTENT
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Energy SecurityThoughts – Change Dynamics of Indian O&G
“Development of the Gas Sector In India - A “Fresh” Perspective”
PDPU Energy Conclave
Gandhinagar, 9-10 September 2016
Energy Security
Thank
You

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PDPU Energy Conclave 2016_10.09.2016_Perspective on Indian Upstream Oil

  • 1.
  • 2. Development of the Oil Sector In India A “Fresh” Perspective Baljit Singh Country Manager, India Nexus Deepwater Engineering Inc. Disclaimer *******The opinions expressed and shared in this presentation are entirely my own. They should not be seen as reflecting the views of my current or previous employers or as having been authorized or approved by anyone other than myself. *******
  • 3. “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 India Upstream
  • 4. Energy Trilemma Indices “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 5.  Energy Security  Energy Equity  Environmental Sustainability Energy Trilemma IndicesEnergy Trilemma Indices “Development of the Oil Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 6. “Development of the Oil Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 Background Status Discussion Observations Perspective Way Forward India Upstream
  • 7. Another Observation “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 PM Narendra Modi September 2016 Interview to Network 18
  • 8. An Observation “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 9. 1976 – 2016 “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 Mech/Petroleum Engg.  Drilling  Log Interpretation  Reservoir/Simulation  Well Testing  Completion  Production  Economics Leadership  Worldwide  NOC, IOC, Consulting  Speaker  SPE Offshore/Deepwater/Onshore  Rig Operations  Rig Design/Construction  Deepwater Systems  Architecture  Flow Assurance  Subsea Hardware  Operations  FPSO  R&D
  • 10. The Experiences “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 11. Energy Security Impact on India “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 12. Final Thought “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 Dr. Montek Singh Ahluwalia speaking at ‘One Globe 2016’
  • 13. 1976 – 2016 “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 14. $1.8B $3.8B+! 2003 – 2019? INR 1500 Cr. ?? India’s E&P Record “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 15. “Finicky” Oil Price “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave X Years Does Not Follow Scale
  • 16. “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 Actions Being Taken
  • 17. “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 A Deep/Utra Deepwater Field
  • 19. “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 People, Process, Audit Field
  • 20. Macondo 2010 Mumbai High North 2005 An Observation “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 21. “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 Marginal Field
  • 22. Background “Indian E&P Sector - Challenging Status Quo and Need for Disruption” ENECON 2016 – “RE-Energizing” India Pune, 28 August 2016 10 Marginal Field
  • 23. Background “Indian E&P Sector - Challenging Status Quo and Need for Disruption” ENECON 2016 – “RE-Energizing” India Pune, 28 August 2016 10 Marginal Field
  • 24. Background “Indian E&P Sector - Challenging Status Quo and Need for Disruption” ENECON 2016 – “RE-Energizing” India Pune, 28 August 2016 10 Marginal Field
  • 25. An Observation “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 26. BackgroundKrishna Godavri Do a very Thorough Analyses “Development of the Oil and Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016
  • 27. “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 Energy SecurityDynamics of Indian O&G I think we need to move forward – we are always looking back ONGC - RIL Let outside “Indian” expertise be “part” of your company DEVELOP LOCAL CONTENT
  • 28. “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 Energy SecurityThoughts – Change Dynamics of Indian O&G
  • 29. “Development of the Gas Sector In India - A “Fresh” Perspective” PDPU Energy Conclave Gandhinagar, 9-10 September 2016 Energy Security Thank You