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Evolving opportunities for tomorrow’s professionals - Dr. Sunil Bharati
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. 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
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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 India's total imports
Import dependence in case of crude oil is only going to increase
Energy exploration and exploitation, therefore is critical for energy
security
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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
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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
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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. BL Club IIT Delhi
15th Energy Summit, Indian Oil & Gas Sector – To meet future energy needs
THANK YOU