India's Hydrocarbon Outlook – 2022-2023

101 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL Data Dissemination in Year 2022-23 Huge volume of 2D/3D Seismic and well data and associated reports are being shared with stakeholders since the inception of NDR. In this process, total 5,16,194 LKM 2D seismic, 3,08,915 SKM of 3D seismic and 711 well data have been disseminated to at least 28 E&P companies and 10 research/ academic institutes. More than 11,000 SKM of 3D raw seismic data have also been disseminated to users in FY 2022-23. Comprehensive revamp of NDR policy: Making NDR more responsive to user’s expectation and promote R&D activity in academia through liberalized access of data have necessitated revamp of NDR data policy. NDR took up scouting and study of practices of other NDRs worldwide, prepared comparative reports, organized a feedback session on existing NDR policy with wider community of operators in India. Based on the outcome of these activities a new draft NDR data policy has been formulated considering national interest and requirements of global investors and wider community of stakeholders. This draft policy is currently under consideration by MoPNG. Collaboration with University of Houston, Texas, USA: In the presence of Hon’ble Minister of Petroleum & Natural Gas and Housing & Urban Affairs- Mr. Hardeep Singh Puri, Secretary P&NG- Mr. Pankaj Jain, Ambassador of India to the Figure 2: Showing the Mini Data Centres set up during Geo India 2023 (left) and India Energy Week 2023 event (right) U.S. - Mr. Taranjit Singh Sandhu, Directorate General of Hydrocarbons (DGH) entered into a Memorandum of Understanding (MoU) with the University of Houston (UH) on 7th February 2023 during the event of India Energy Week 2023. The agreement was signed by Mr. Akash Goyal, Additional Director General on behalf of DGH and by Prof. Ramanan Krishnamoorti, VP, Energy and Innovation, on behalf of UH. Key Objectives are: 1) To establish the UH-DGH Data Centre which will host geoscience data of Indian sedimentary basins/blocks at Houston to reach out to major energy companies for facilitating them to participate in bidding process. 2) TocollaboratewithUH to take up subsurface/ geoscientific study of select Indian offshore basins for developing regional geological framework and identifying most prospective plays for exploration thereby enhance perspectivity perception and overall value addition from exploration point of view. The MoU is for a duration of 5 years. Collaboration with University of Houston to establish a data Center which will host Geosceince data of Indian Sedimentary basins at Houston, to reach out to major energy companies.