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It is being described as an important platform shaping the future of the energy sector. What are ONGC's main expectations from this event, and what important aspects and announcements are expected during this time?

What was the program today?

This is going to be the fifth event of India Energy Week in Kolkata in January 2027.

To mark its preparations, a curtain raiser has been organized. The main event is taking place in Kolkata today, and we are holding curtain raisers in Ahmedabad, Dehradun, and Delhi alongside it.

The event organized in Gujarat holds a very important position in India's energy sector.

And the bond between Gujarat and ONGC is very strong. Whatever ONGC is doing for the energy sector, our history is very old. We have been in Gujarat since 1958-59.

And you must have heard of Luni, which is a well near Cambay, where successful oil production started from there. Now we India Energy Week which is this fifth edition, this.

It is no longer just for oil and gas. Along with oil and gas, it provides a platform across the entire energy sector where.

People from all industries involved in oil and gas production, exploration, services, and technology providers. India Energy Week provides them a platform where they can showcase their research and expand their discoveries, and whatever

difficulties are coming up, challenges are coming up, they can find solutions for them there. And over the last four or five editions, this is the fifth edition. This is more than oil and gas

With the violent gas upstream, downstream, midstream anyway. The renewable energy we have right now. India Energy Week has also been successfully integrated into it. Understand that India's energy needs, we are the third-largest consumer in the world. So our energy consumption is already the third largest and in the coming times, the

So the speed at which we are progressing, our economy is growing, this is not possible without energy.

India is the first nation in the world that has the highest incremental requirement for energy. So that's why the importance of India Energy Week, which happens every year, is so that we can get all our energy-related needs, problems, and solutions on one platform. And these solutions are not just being provided by India's industry or India's tech people.

It's a global platform, a truly global platform. Where we will find solutions to our energy-related problems and we will be able to take our points to the global stage. We can see what's happening on the global stage and adopt it. So against that backdrop, India Energy Week has become a very successful platform in the country today, in today's times.

Sir, what is ONGC's new oil and gas exploration strategy to reduce India's dependence on crude oil and gas imports, and what are the possibilities of finding new reserves in the country right now?

I will add to that. How positive is the current situation given the circumstances of the war? What kind of situation is it?

Look, the situation because of the war.

Today, every country is realizing that we should reduce our dependence on foreign countries as much as we can for our self-reliance.

However long it takes, whatever it takes, whatever we.

We shouldn't just have one option, we should have multiple options. If one path of ours closes, we should have other alternatives so that our people's needs aren't affected. So work is already happening on this, but regarding the question you asked about our domestic production in line with India's needs. Look at domestic production, when it comes to oil, we

Around 12%.

We produce in Hindustan. We produce 50-55% of the gas. And to reduce this self-reliance, it is not just about oil and gas; renewables are being promoted in the energy sector. Solar is expanding, wind power is expanding. So India's need is such that we need every form of energy. We also need to increase the exploration of oil and gas. We have to increase renewables, increase hydrogen research, and increase biogas.

We need every form of energy so that we can meet our needs. As far as increasing domestic production is concerned, ONGC

The frontier areas which are less explored, deep water areas, we are increasing our focus there. The focus was there before. We are increasing our focus there because globally we have seen that there are high chances of big discoveries in deep water areas. So for the search of that big discovery, whatever international collaboration we need in terms of technology or to share capital risk, we are

Onboarding that so that we can be as successful as possible in deep water areas, and in this regard, I would like to say one more thing that today the government's policy is a very supportive policy.

We had not seen this much support from the government until now, and the government for the first time.

Itself is giving budgetary support to the operators, the companies, that you actively work in deep water exploration. So there is a very successful environment, a policy environment, and on this, all companies, all service providers, technology partners are working fast, and in the coming times, it is hoped that we will get good results from it.

Right now E20 petrol is a challenge, about this.

The E20 petrol challenge is there today, its solution will come out with technology, and this is also necessary because, as I said, we import around ninety percent. So if we successfully blend twenty percent E-petrol—successfully means without any trouble to the consumer—you can understand how much import reduction that will be. Our self-reliance will increase, that's why this.

That's why there is opposition to this, the reason is that mileage is decreasing, all these things.

Research is being done on these things, and solutions will be found for any bottlenecks.