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Royalty and Tax Model - A Win-Win Situation for the Government and Investors
Exploration and Production licensing models have their own pros and cons, says Anupam Mathur, Executive Director and CEO, Tata Petrodyne Limited. Royalty and tax model is currently being adopted by many countries successfully for the model has its own advantages. With the increase in production, there is a built in incentive for both the government and the investors. The government is spared the botheration of keeping track of cost recovery, and the investors are relieved from following the cumbersome prescribed Government processes and seeking large number of approvals.
Anupam Mathur
Executive Director and CEO,
Tata Petrodyne Limited
"Getting into the Pipeline Business is a Priority for Oil India"
In its five decade history, OIL India has been able to achieve a record production, and this has come through its increase in drilling efforts, making use of novel technologies and effective exploration in its areas of operation, says Sunil Kumar Srivastava, Chairman and Managing Director (CMD) of Oil India Ltd (OIL). According to the CMD, the company has a strategy for ‘selective diversification’, which will be related to the petroleum value chain such as City Gas, LNG, Refinery and Petrochemicals, unconventional hydrocarbons such as CBM, Shale Oil and Gas, Tight Oil and Gas and renewable energy like Wind and Solar.
Sunil Kumar Srivastava
Chairman and Managing Director
Oil India Ltd
"Raniganj is Essar Oil's Flagship CBM Block"
Iftikhar Nasir, CEO – E&P, Essar Energy Plc, brings forward the CBM scenario in the country, with particular focus on Raniganj CBM block, which he says is "Essar Oil’s flagship CBM block". It’s the only producing block at present, the other four CBM blocks of the company being in the preliminary exploration stage.
Iftikhar Nasir
CEO - E&P, Essar Energy Plc
"Emerging Economies Hold an Important Place in Eaton’s Global Growth Strategy"
Gardiner Henderson, Global Director, Oil & Gas, Eaton Corporation, says that there is always a challenge of maintaining high-quality and uninterrupted power essential for offshore environments. According to him, India continues to remain one of the company’s key focus markets for its significant potential to discover new Oil & Gas basins as majority of the country’s sedimentary area is not yet explored.
Gardiner Henderson
Global Director
Oil & Gas, Eaton Corporation
This is a Defining Year for Us
D Rajkumar, Managing Director & CEO, Bharat PetroResources Limited (BPRL), discusses the company's successful venture into the upstream business, the challenges the sector is infested with, the biggest and recent Mozambique discovery, their exploratory activities for shale gas in Australia, and more, in an exclusive interview with Mittravinda Ranjan and Sneha Sinha.
D Rajkumar, Managing Director & CEO
Bharat PetroResources Limited (BPRL),
Afcons: A Potential Player in Offshore Oil and Gas Sector
Afcons has remarkably performed well with the completion of MHSR-II (A) ICPR Process Platform Project for ONGC, 2.5 KM long pipeline across the Thane creek for HPCL and NOCIL, initiating the development of Oil & Gas Fabrication Yard at Mahua, Gujarat, and acquiring many prestigious EPC projects. Pramod Kumar Johri, Director - Oil and Gas, Afcons Infrastructure, talks about Afcons’s potential, its approach to handle oil and gas activities, and more, in an exclusive interview with Sneha Sinha and Harshal Y Desai.
Pramod Kumar Johri
Director - Oil and Gas, Afcons Infrastructure
Low Cost Operations are Key to Success
In the wake of unsuccessful oil and gas explorations activities and low oil prices in the country, it has become a herculean task for E&P companies to maintain profits. Though India is abundant with oil and gas reserves, exploration and production remains a challenge. In such a situation low cost operation and constant efforts to maximize production can give a boost to E&P companies, says Rahul Dhir, CEO and MD of Cairn India.
Rahul Dhir
CEO and MD, Cairn India.
Integrated Subsea Automation Solutions
Safety control capability is a primary area where Rockwell Automation adds tremendous value and credibility to the industry. The company has distinguished itself from the rest by having capabilities to meet all safety SIL levels of control for the industry. Around the world, the company is committed to putting their customers’ needs first. Robert Ninker, Regional Director, Solutions Business, Rockwell Automation Asia Pacific, talks about all this, and more, in an exclusive interview with Sneha Sinha.
Robert Ninker
Regional Director, Solutions Business
Rockwell Automation Asia Pacific
Establishing Global Linkages
R K Mehra, Executive Director, International Trade, Shipping and Risk Management, Bharat Petroleum Corporation Ltd (BPCL), has over three decades of experience which encompasses key businesses of one of the largest Indian oil marketing companies. He finds the current assignment most challenging in his entire career span due to ever-changing dynamics of the industry. In an exclusive interview with Mittravinda Ranjan he shares his opinion on India’s moves towards energy security and BPCL’s growth strategy.
R K Mehra
Executive Director, International Trade
Shipping and Risk Management
Bharat Petroleum Corporation Ltd (BPCL)
"Unlike India, Middle East is more confident of EPC approach"
"The perceived role of Engineering, Procurement and Construction (EPC) contractors in grass-root projects in the present times has seemingly expanded much more beyond the technical scope," says Ram Kishore Iruwanti, Managing Director, Technip KT India. He shares the ingredients to dish out perfect recipe for successful project execution and sees trust, wide vendor base, strong inspection and expediting teams and modern tools as the strong pillars to be successful in the business of this high risk business. He shares his views on the magnitude of opportunities available for the EPC players in the Indian market and company's road map for the coming years.
Ram Kishore Iruwanti
Managing Director
Technip KT India
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