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Business Sustainability in Oil & Gas

An integrated approach towards energy pricing and usage and technological advancements would be key factors for sustainable business growth in oil & gas in the near future, said Dr. Kirit Parikh, Chairman, Integrated Research and Action for Development (IRADe) and former Member, Planning Commission in his opening remarks at a Top Management Conclave on ‘Business Sustainability in Oil & Gas: 2015 and Beyond’ at New Delhi on May 4, 2015. The conclave was organised jointly by the Petroleum Federation of India and DuPont.

In his keynote address, Mr. Matthew Trerotola, Executive Vice President, DuPont addressed the issue of ‘Managing Sustainable Growth in the wake of Changing Dynamics of the Oil & Gas Sector’. He opined that oil prices may hover in the US$ 65-70 per barrel range for an year or two by the end of 2015.

During the panel discussion, six key industry experts addressed the issues of ‘Minimizing Operational Risk & Enhancing Operational Excellence in India’s Oil & Gas Sector’. The discussion was moderated by Mr. Srinivasan Ramabhadran, Managing Partner – Asia Pacific & Global Director-Operational Risk, DuPont Sustainable Solutions.

The downstream refining perspective was presented by Mr. Sanjiv Singh, Director (Refineries), IndianOil while the pipelines issues were addressed by Mr. P. K. Chakraborti, President-North Region, IOT Infrastructure & Energy Services Limited. The upstream E&P issues were addressed by Mr. P. K. Sharma, GGM (OSD), OIL while those of the services sector in E&P were tackled by Mr. Jayant Malhotra, Vice President and Global Accounts Director, Schulmberger. The issues of Health, Safety & Environment and Project Safety Management were comprehensively covered by Mr. Ian Thorpe, Vice President (Health & Safety), HMEL and Mr. Hirak Dutta, Executive Director, Oil Industry Safety Directorate.

The deliberations witnessed healthy floor participation.

A vote of thanks was proposed by Mr. Balvinder Singh Kalsi, President, South Asia and ASEAN, DuPont.

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Dr. Kirit Parikh, Chairman, IRADe and former Member, Planning Commission being welcomed by Mr. Balvinder Singh Kalsi, President, South Asia and ASEAN, DuPont.

Mr. Matthew Trerotola, Executive Vice President, DuPont being greeted by Mr. A. K. Arora, Director General, PetroFed with a bouquet of flowers.

Dr. Kirit Parikh delivering opening remarks.

Participants in rapt attention.

Mr. Matthew Trerotola delivering keynote address.

Session in progress.

Dr. Kirit Parikh commenting on the key issues for panel discussion.

Mr. Srinivasan Ramabhadran, Managing Partner – Asia Pacific & Global Director - Operational Risk, DuPont Sustainable Solutions introducing the subject.

Mr. Sanjiv Singh, Director (Refineries), IndianOil making his presentation.

A section of the participants.

Panel discussion in progress. Seated (L-R): Mr. Hirak Dutta, Executive Director, OISD; Mr. Jayant Malhotra, VP and Global Accounts Director, Schlumberger; Mr. Sanjiv Singh, Dr. Kirit Parikh, Mr. Srinivasan Ramabhadran, Mr. P. K. Sharma, GGM (OSD), Oil India Limited; Mr. P. K. Chakraborti, President-North Region, IOT Infrastructure & Energy Services Limited; Mr. Ian Thorpe, Vice President (Health & Safety), HMEL.

Mr. M. S. Ramachandran, former Chairman, IndianOil making his viewpoint.

Dr. C. R. Prasad, former Chairman & Managing Director, GAIL making an observation.

Q&A session in progress.

Dr. Kirit Parikh concluding the session with his observations.

Session Chairman, Dr. Kirit Parikh presenting a memento to Mr. Matthew Trerotola.

Mr. A. K. Arora presenting a memento to Session Chairman, Dr. Kirit Parikh.

A vote of thanks being proposed by Mr. Balvinder Singh Kalsi.