India’s Hydrocarbon Outlook 2024 208 A Report on Exploration & Production Activities hydrogen exploration potential through promotion, resource assessment studies, and proposing suitable policy reforms, integrating these with oil and gas operations for hydrogen Exploration. Energy Security: Advancing Hydrocarbon Efficiency and Integrating New Energy To track progress towards Net-Zero goals, the DGHwill coordinate and facilitate E&P operators in achieving their Net Zero Action Plans. This will involve standardizing reporting standards for measuring, monitoring, and conducting periodic reviews of decarbonization efforts. The focus will be on gas flaring, methane venting, IOR/EOR implementations, and renewable energy integration to enhance hydrocarbon efficiency. India will play a major role in the global energy transition by leveraging its vast potential in Carbon Capture, Utilization, and Storage (CCUS), geothermal resources, and white hydrogen production. A suitable policy framework is necessary for comprehensive monitoring, risk management strategies, and ensuring the integrity and safety of CO2 storage operations. Fieldwise assessments of geological carbon storage, seal and wellbore integrity, as well as techno-economic studies across different geological storage options, are crucial for CCUS implementation. DGH will collaborate with E&P operators and domain experts for data acquisition, technology exchange, and knowledge sharing. Forward-thinking policy frameworks for CO₂ sequestration in dry wells and uniform licensing for composite energy blocks can revolutionize the integration of oil, gas, geothermal, white hydrogen, and renewables. Technological upgradation and adoption of low-carbon technologies in oil and gas operations involve significant costs. Promoting decarbonization and the transition to clean energy is challenging without financial incentives. Accelerating operator participation in decarbonization efforts requires facilitating revenue generation from emission reduction and renewable energy integration through carbon credit monetization and trading. This approach can be instrumental in achieving Net Zero targets. DGH shall coordinate with various government agencies and financial institutions to promote green investment. Integrating new energy sources into existing oil and gas operations plays a vital role in energy transition. Utilizing new energy sources such as geothermal and natural hydrogen can diversify the energy mix, promote domestic energy production, decrease reliance on imports and ultimately reduce GHG emissions. The wellexperienced and well-equipped oil and gas industry, with advanced drilling technologies, can harness the Earth’s natural heat (i.e., geothermal energy) for clean energy production by integrating it into existing operations and further developing a comprehensive geothermal data bank to promote data driven geothermal operations. Recent global discoveries of natural hydrogen indicate that India has favorable geological conditions for its generation, though this has not been the primary focus of oil and gas operators. As the nodal agency for E&P operations, DGH will take the lead in assessing the potential for hydrogen exploration through basin resource assessment studies and will implement appropriate policy reforms to integrate this resource with oil and gas operations. In conclusion, the Directorate General of Hydrocarbons is leading India’s ambitious path towards Net Zero emissions by driving comprehensive decarbonization efforts within the oil and gas E&P operations. DGH will pursue to integrating new energy sources such as geothermal and natural hydrogen into upstream operations. By incorporating these initiatives, India not only enhances its energy security but also significantly reduces greenhouse gas emissions, reinforcing its position as a global leader in sustainable energy transition.
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