India's Hydrocarbon Outlook – 2022-2023

190 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL 9.5 Future prospects of Industry- Academia collaboration in Indian E & P The future prospects of uniting the forces of academia and industry in the Indian petroleum exploration domain are nothing short of tantalizing. With technology's relentless progress, the industry's demands for fresh, cutting-edge innovations and techniques are paramount. Herein lies the significance of the collaboration between industry and academia, as it has the potential to stimulate advancements and secure the Indian petroleum exploration sector's stature as a front-runner in technological evolution. Data analysis and interpretation are among the most critical areas where this collaboration can bring about impactful change. The oil and gas industry generates an abundance of data, and academia, with their mastery in big data analysis and machine learning, can contribute to the industry's data-driven decision-making process. The union of industry and academia can also result in the creation of new production methods and technologies. By combining their collective knowledge, they can conceive of imaginative solutions that can streamline production processes, reduce costs, and elevate efficiency. 22 7 40 160 0 20 40 60 80 100 120 140 160 180 Summer Internship Winter Internship Batch Size (nos.) Teaching Hours (hrs.) Program type Summer Internship Winter Internship Batch Size (nos.) 22 7 Teaching Hours (hrs.) 40 160 Figure 9.1 Internship Programme