India's Hydrocarbon Outlook – 2022-2023

186 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL i) MoU between the U.S. Geological Survey (USGS) of the Department of Interior of the United States of America & DGH Signing of MoU Resource exploration hazards and environmental issues associated with Gas Hydrates, Field studies & research for Gas hydrate MoU Validity 16 th December 2008 Objectives Open ended Apart from this DGH has entered following collaborations: 1. School of Earth Sciences, University of Western Australia (Henry W. Posamentier – Adjunct Professor as Research Investigator) for carrying out Geomorphology of Deep- Water Deposits in Bay-of-Bengal. 2. Caliche Private Limited – An upstream Indian start-up company for “Machine Learning based Data Processing, Enrichment and Interpretation of Indian E&P Data for value addition”. 9.3 The Collaboration between Industry and Academia in the Indian Hydrocarbon Sector: A Boon for Students and Researchers The alliance between industry and academia in the Indian Hydrocarbon sector presents a wealth of advantages to students and researchers. This convergence serves as a conduit, bridging the divide between the theoretical knowledge gained in academic institutions and the real- world applications in industry, fostering an atmosphere of growth and learning. By collaborating, both industry and academia can augment the skills and knowledge of future professionals, providing them with a valuable platform for practical experience. One of the most significant benefits of this collaboration is the possibility of working on real-world projects. This offers students and researchers a glimpse into the practical applications of their studies and research, leading to a deeper comprehension of the subject. Moreover, participating in these projects sharpens critical professional skills, such as problem-solving, teamwork, and communication - all of which are critical for success in any industry. Furthermore, industry-academia collaborations offer students and researchers access to state-of-the-art facilities and equipment, often unavailable in academic institutions. Industry partners possess cutting-edge technology and equipment that students and researchers can use to further their studies and research. This also grants them exposure to the latest advancements in the field, keeping them abreast of industry innovations.