Mr. Deb Adhikari extended a warm welcome to all the Members present for the meeting. In his opening remarks, he shared the information related to emerging energy scenario of India. Referring to BP Energy Outlook 2024, he highlighted two major upcoming issues, Energy Efficiency and Carbon Intensity. He then also apprised members about the continued input of oil & gas in global as well in India’s Energy basket. Referring to The Oilfields (Regulation and Development) Amendment Bill, 2024, introduced in Rajya Sabha on August 5, 2024, he laid emphasis on how it would enable the upstream operators for exploration & production of hydrocarbons.

Meeting was then graced by Mr. Vinod Seshan, Joint Secretary (E), MoP&NG for a while. He interacted with the upstream committee members and discussed various key issues such as importance of The Oilfields (Regulation and Development) Amendment Bill, 2024, and launch of new bid rounds such as OALP-X, Special CBM and DSF in the coming future.

Mr. Seshan thoughtfully deliberated and discussed the critical issues with committee members, highlighting the importance of their collective insights. He commended the Federation of Indian Petroleum Industry (FIPI) for facilitating such a valuable platform for meaningful interaction. Mr. Seshan also expressed his appreciation for FIPI's earnest efforts in addressing these issues with the relevant authorities, underscoring their commitment to driving a positive change.

In his closing remarks, he assured his best possible support for addressing the cogent issues of the upstream operators for the expeditious exploration & production of hydrocarbons in the country.