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| ONGC CMD DK Sarraf |
GLOBAL company BP Plc’s Group Chief
Executive Bob Dudley recently paid a short visit to India and during
his trip to New Delhi the global honcho discussed about energy
scenario in India with the top officials in Modi government.
On July 15, Dudley, with his team, met
Minister for State (Independent Charge) Petroleum and Natural Gas
Dharmendra Pradhan. Also present in the meeting were top...
honchos of
ONGC. Incidentally, ONGC is not a regular partner of BP in India.
Dudley said after the meeting: “We
discussed opportunities and challenges in the Indian energy sector at
large and also specific to our deep water exploration and development
projects.”
“I see potential for significant
additional investments and creation of jobs in the sector. For
complex and capital intensive deep water projects, appropriate
pricing is critical for viability.”
A possible technical partnership
between BP and ONGC for the latter’s East Coast exploration asset
has been doing the round for the last couple of months. But neither
ONGC nor BP has confirmed it.
BP has a partnership with Mukesh
Ambani-led Reliance Industries, including in the country’s largest
gas fields on the East Coast. RIL and BP have been seeking higher
price for domestic gas.
Later, at an industry event, Pradhan
said “I met the BP chief today (Wednesday) and he assured me that
the oil major’s participation will increase in different ways in
the Indian market and economy.”
He added that BP assured him of greater
engagement in the Indian market. The meeting was also attended by
ONGC’s Chairman and Managing Director DK Sarraf; ONGC Videsh Ltd’s
Managing Director NK Verma; Region President and Head of Country of
India BP Group Sashi Mukundan and senior officials from the Ministry
for Petroleum and Natural Gas. 
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