https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Urja Varta 2025: ONGC Expands Offshore Exploration Through Joint Bidding with Private Companies

At UrjaVarta 2025, ONGC’s new Director (Exploration) champions joint ventures and tech-driven offshore growth.
Indian Masterminds Stories

New Delhi – At the UrjaVarta 2025 Tech‑Strat Forum, ONGC’s newly appointed Director (Exploration), OP Sinha, highlighted the importance of collaborative offshore exploration. He emphasized that joint bidding with private players, backed by progressive policy reforms, is speeding up learning curves and effectively managing technological, geological, and financial risks.

Strategic Collaboration Is the Key

Speaking on a panel with other energy leaders, Mr.  Sinha stated:

“Collaboration in offshore exploration is a strategic imperative. The learning is faster. Companies bring deep analysis and expertise that help navigate technological, geological, and financial risks.”

He reiterated that ONGC’s shift toward joint ventures marks a new era supported by policy-led risk reduction, moving from revenue assurances to production-focused frameworks.

Forum Highlights Technologies & Reforms

The panel covered vital elements for India’s offshore growth:

  • Adoption of advanced seismic technologies to improve subsurface imaging.
  • Need for streamlined regulatory clearances to accelerate timelines.
  • Emphasis on global best practices in deepwater drilling, including subsea tie-backs and contractor capability development.

These combined strategies are essential to unlock India’s vast offshore hydrocarbon potential.

Also Read: ONGC Signs Strategic MoU with British Petroleum (bp) to Explore Offshore Basins, Boost India’s Energy Security

Leadership with Deep Experience

OP Sinha took up his current role effective July 14, 2025, bringing over 37 years of expertise in exploration and production. He played a leading role at the forum immediately following his appointment, enhancing ONGC’s collaboration-driven approach to offshore projects.

Driving India’s Energy Independence

Mr Sinha’s participation at UrjaVarta 2025 underscores ONGC’s commitment to deepwater exploration through partnership and innovation. By aligning with private sector strengths and leveraging policy reforms like risk de-risking and revenue-to-production models, ONGC aims to energize India’s offshore sector and bolster the nation’s energy security.

About ONGC

Oil & Natural Gas Corporation Limited (ONGC) is a Maharatna PSU under the Ministry of Petroleum and Natural Gas, Government of India. As the country’s largest oil and gas exploration and production company, ONGC plays a critical role in ensuring India’s energy security. Its operations span offshore and onshore exploration, field development, and strategic partnerships across the globe.

Also Read: Om Prakash Sinha Appointed as ONGC’s New Director (Exploration), Strengthening India’s Upstream Energy Vision


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Assam-forest
Assam IFS Officer MK Yadava Faces Fresh Allegations Over Unauthorized Construction in Reserve Forests
Rahul Bhanudas Mali IAS
IAS Officer Rahul Bhanudas Mali Appointed Deputy Secretary in Women & Child Devt Ministry - Details Inside
jharkhand-high-court-
ED Tightens Grip in Army Land Scam; IAS Chhavi Ranjan's Bail Denied by High Court
BHajan Lal Sharma
Rajasthan: CM Cracks Down on 37 Govt Officers, 9 Police Inspectors Compulsorily Retired, IAS Officer Booked - Details Inside
Women in indian army
Delhi High Court Questions Centre on Exclusion of Women from Permanent Army Roles via CDS - All Details Inside
Vishnu Deo Sai
CM Vishnu Deo Sai Orders Fast-Track Completion of Irrigation Projects to Empower Chhattisgarh Farmers
MMME Mk-II Indian Army induction
Indian Army Inducts BEML-DRDO’s Indigenously Developed Semi-Automatic Minefield Marker, MMME Mk-II - Details Inside
NSIC NEHHDC MoU North-East
NSIC & NEHHDC Join Hands to Empower North-East Youth Through Skill-Based Training - Details Inside
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
How IAS Officer Aditya Singh is Redefining Governance in Madhya Pradesh | Video Interview 
IAS Karn Satyarthi
How IAS Karn Satyarthi Transformed Gumla Through Empathy and Innovation
Ananth Rupanagudi IRAS
IRAS Ananth Rupanagudi’s Take on Corruption, Reform, and Duty
ADVERTISEMENT
UPSC Stories
BPSC Bihar police
From Lantern Light to Police Uniform: How Praveen Kumar from a Small Bihar Village Cracked BPSC to Become SDPO
From a lantern-lit village in Bihar to becoming an SDPO, Praveen Kumar's journey is a testament to resilience,...
IAS Priyansha Garg
Why Mindset Matters: IAS Priyansha Garg’s Mental Health Mantra for UPSC
After two failed prelims, Priyansha Garg cracked UPSC with AIR 31 in her fourth attempt, proving how...
Ashish Akshat
From Setback to State Topper: How Ashish Akshat Topped JPSC While Working Full-Time
Ashish Akshat from Dhanbad topped JPSC 2023, proving that resilience, discipline, and family support...
Social Media
Mudumalai Tiger Reserve
Mudumalai Tiger Reserve: From India’s First Sanctuary to a Tiger Conservation Success Story | International Tiger Day Special
IAS Supriya Sahu Hails Mudumalai's Role in Tiger Conservation on Tiger Day. Declared in 1940, Now Among...
Mangroves
Mangroves: Nature’s Shield Against Disasters, Says Officer Parveen Kaswan on Mangroves Day - Watch His Post Here
Mangroves, with their dense, interlaced root systems, form a mesh-like structure that serves as a buffer...
Retired IPS Inderjit Singh Sidhu
Purpose Doesn’t Retire: How 88-Year-Old Retired DIG Becomes Chandigarh’s ‘Quiet Warrior’ of Cleanliness
Inderjit Singh Sidhu’s Dawn Patrol Earns Applause, Mahindra’s Praise for a Man Who Chose Action Over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Assam-forest
Assam IFS Officer MK Yadava Faces Fresh Allegations Over Unauthorized Construction in Reserve Forests
Rahul Bhanudas Mali IAS
IAS Officer Rahul Bhanudas Mali Appointed Deputy Secretary in Women & Child Devt Ministry - Details Inside
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Aditya Singh
IAS Karn Satyarthi
Ananth Rupanagudi IRAS
ADVERTISEMENT
ADVERTISEMENT