I take this opportunity to wish you all a very happy and blissful new year and hope that this year and the years ahead bring increasing productivity and prosperity in all your endeavors.
I am glad to be a part of the thriving upstream oil and gas sector as a member of the Directorate General of Hydrocarbons (DGH) team. Over the past two decades, DGH has striven to serve the Exploration and Production (E&P) sector by providing sound technical inputs and advice on policy matters to the Ministry of Petroleum and Natural Gas to ensure sound management of the country’s hydrocarbon resources. While what has been accomplished is substantial, possibilities and potential for even greater service and value addition to the sector exist.
The landmark policy reforms ushered in by the Government of India in the last 5 years have elicited universal acclaim and fostered a conducive investment ecosystem in the oil and gas sector. On our part, I can solemnly assure of the unwavering commitment of Team DGH to steadfastly perform our role of facilitator and implementer of Government policies and ensure a transparent and level-playing field for all stakeholders while maintaining the highest standards of integrity. Ensuring transparency, efficiency and ease of business will continue to be our guiding mantra.
Substantial work has been done by my worthy predecessors in improving the contractual systems and processes, creating smoother data integration interfaces, synergizing industry-academia relationship and forging strong relationships with all stakeholders. At the start of the new year, I along with my team resolve to diligently work to further improve upon the operational efficiencies and enhance the global perception of prospectivity of hydrocarbon resources of India.
Oil and natural gas will continue to play a pivotal role in India’s economy and energy agenda in the foreseeable future. To that end, DGH remains committed in working towards energy security of our country as we continuously evaluate and adopt; competitive fiscal systems, flexible regulatory procedures and reliable industry innovations to retain an open and competitive investment climate.
Looking ahead, Team DGH would like to assure all stakeholders of the Indian E&P sector that we are committed to meeting and exceeding industry expectations as a responsible and responsive upstream advisor. I urge all industry partners to bring forth their ideas and suggestions and cohesively collaborate on furthering this sector. Team DGH will synergistically facilitate the stakeholders and discharge its responsibilities with utmost integrity.
At DGH, we greatly value and appreciate your continued consideration, support and advice.