Go India 2007
Posted: 10 September 2007
The former Chairman and Managing Director of the Hindustan Petroleum Corporation, Mr H.L. Zutshi, who plays a very active role in Indian energy matters, has delivered a strong message urging attendance at the inaugural GO India Exposition, of which he is conference chair.
GO India, supported by the Ministry of Petroleum & Natural Gas, Government of India, is being held at the Pragati Maidan Exhibition Center, New Delhi, 31 October-2 November 2007.
The new and major event, with its theme Fuelling a Nation’s Growth, is designed to promote co-operation, understanding and technology transfer between the international oil and gas industry and India.
It focuses on the commercial opportunities presented by India’s growing demand for energy and showcases the technologies and services needed to further develop the industry.
"GO India is being held precisely at a time, when the seventh round of the New Exploration and Licensing Policy (NELP-VII) is scheduled to begin. This time round we may witness special interest from players like ExxonMobil, ConocoPhillips and Chevron apart from Shell and BP swelling the ranks of the international oil giants interested in the auction of oil blocks for exploration and production by the Government of India," said Mr Zutshi, Chairman of Energy Research and Social Advancement Foundation, New Delhi and Chairman of Petroleum, Coal and Related Products Divisional Council of Bureau of Indian Standards.
"The increased international interest, of course, comes in the wake of recent offshore and onshore strikes by Indian private major Reliance Petroleum, the Government of India’s Flagship Company ONGC and Gujarat State Corporation – and announcements about huge CAPEX investments in E&P and pipelines by Reliance last month," he said.
"Coinciding with the launch of NELP-VII, when 80-85 blocks are expected to be auctioned, GO India proposes to provide an excellent platform for information sharing about such investment opportunities. The conference also aims to explore the value of the opportunities on offer and aid greater understanding of, and de-mystify, the levels of bureaucracy and regulations that surround the Indian hydrocarbon industry.
"The conference however will not just be looking at inward investment – in terms of both finance and commitment, but India’s forays overseas and plans for joint ventures. Our confirmed speakers such Honb’le Murli Deora, The Union Minister of Petroleum & Natural Gas; Mr Mukesh Ambani, Chairman & Managing Director of Reliance Industries; and Dr Kirit S Parikh, a Member of the Planning Commission for the Government of India will be setting the scene for this new wave of investment.
"Supporting this will be a mix of senior representatives from ABN-AMRO, Ashursts, BG India, BP India, Chevron Petroleum, CRISIL, Eni, GAIL, Honeywell Automation, Hydro, PFC Energy, PricewaterhouseCoopers, Schlumberger, Total etc. One can look certainly look forward to an immensely stimulating and rewarding three days. I hope to see you there."
Other recently announced speakers include Mr Anindya Chowdhury, Head of Strategy, Shell India, Mr P Elango, Director, Strategy, Cairn India, and Mr Anand Kumar, Director (R&D), Indian Oil Corporation Ltd. The full conference programme can be found at www.goindiaexpo.com
“We are delighted to have Mr Zutshi as the chair of our inaugural conference, and playing such an active role, and we are looking forward to a highly stimulating event in New Delhi," said As Tony Stephenson, of dmg world media (uk) ltd, and Event Director of GO India.
"This is a crucial and exciting time for the Indian oil and gas industry and we are pleased to be playing an active role, working within the industry to ensure a greater understanding of both requirements and opportunities."
GO India is attracting conference delegates from around the world, and the exhibition features pavilions from Canada, China, Denmark, Germany, Iran, Italy, Turkey, and the USA as well as individual exhibiting companies from home and overseas.
"At 2.5 million barrels per day, India’s refining capacity has more than doubled in 6 years and is ranked sixth globally," said Tony Stephenson.
"With surplus capacity, a massive hydrocarbon transport infrastructure system and a strategic location on the route of Middle East crude bound for Asia, India is well placed to take advantage of the demand for petroleum products in the Asia Pacific region and to become the regional hub for petroleum product exports.
"What’s more, it is one of the great prospects in one of the world’s last E&P frontiers. With projected reserves of 28 billion tones of oil equivalent and only 19 per cent explored, India is one of the world’s last E&P frontiers.
"Reliance Industries recent deepwater gas discovery in the KG Basin and Cairn Energy’s announcement to invest a further US$ 2.02 billion in the prolific Rajasthan oil block have proved India has large undiscovered reserves of hydrocarbons.
"We urge all with an interest in this dynamic region to join us at GO India as a conference delegate or as an exhibitor, and look forward to welcoming you to New Delhi."
For more information see www.goindiaexpo.com