Release Date: 11 February 2008
Release ID: 1369
The second Annual conference on Indian Offshore Logistics 2008 held at the Hotel ITC Grand Maratha & Towers Mumbai on 22nd & 23rd January, 2008 showcased the strength and weakness of the exploration and Production (E&P) sector. It afforded an excellent opportunity for players in the logistics field and service providers in the offshore arena to interact and focus on the prevailing conditions.
The opening keynote address, Rear Admiral Ajit Tewari, Chairman & Managing Director from Hindustan Shipyard Ltd stressed on the Indian ship building industry. He informed that most shipyards in India had heavy order position with booking up to beginning of 2013. Mr. S.N. Maharana, Chief Manager – Operation, Jawaharlal Nehru Port who spoke on the “logistical challenges at port”. There was a hard hitting presentation by Capt. Ishab Syed, Managing Director, BHN Shipping Co. Pvt. Ltd highlighted the factor such as numbers and nationality of world’s seafarers, shortage of seafarers, Investment plans in offshore, government policies and also stated that “With the massive fleet acquisition plans undertaken by the shipping companies, it is hoped that the Indian fleet would cross the 10 million GRT mark shortly and subsequently emerge as one of the top ten maritime nations”. The session saw more prominent speakers from top rung organizations such as Shipping Corporation of India & Directorate General of shipping who discussed intensely on the current situation in the offshore business and the prospective demand for logistics.
Mr. Navpreet Singh, Joint Director from Dolphin Offshore delivered a talk on the trends in the Oil & Gas industry. He informed that approximately 60% of oil and gas is produced from offshore fields. Due to high price of oil and gas, oil companies are willing to spend more on exploration and production. He said “Demand for oil & gas in India saw compounded annual growth of 5.9% and 6.8% respectively as against world average of 1.6% and 2.6%. India is currently 6th largest consumer of oil & gas.”
Cdr. R.P. Gupta, Manager In-charge Offshore Security, ONGC spoke on the emerging security challenges to offshore oil & gas infrastructure and counter measures”. The talk on “future operational needs of marine construction and offshore logistics” was presented by Mr. Dinesh Gupta, Vice President Operations Domestic oil & gas sector projects, Larsen & Toubro Ltd. He informed that planned investment in Indian oil & gas sector is $27 billion for year 2007 – 2012.
The summit addressed topics such as an overview on hydrocarbon sector in India, Planning systems for integrated logistics, Indian offshore a rising opportunity for shipping, and on ship building & logistics. A host of high profile speakers from Maharashtra maritime Board, Shricon Offshore Ltd and Bernard Schulte Ship management (India) Pvt. Ltd contributed their expert knowledge and experience.
The Indian Offshore Logistics 2008 was a resounding success and it is Informedia India endeavor to keep the ball rolling. After all, there’s always next year!
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