Ministry of Petroleum & Natural Gas, Government of India
Joint Secretary (Exploration)
Mr. Amar Nath, Joint Secretary (Exploration) Ministry of Petroleum & Natural Gas is the Govt. nominee Director and joined the board on 28 June 2016. Mr. Amar Nath, an IAS Officer (1994 AGMUT Cadre) is a Bachelor of Science (Mechanical Engineering) from National Institute of Technology, Kurukshetra, Kurukshetra University and MA (International Development Policy) from Duke University, USA. Shri Amar Nath was Secretary to the Department of Health, Government of National Capital Territory of Delhi prior to the present assignment. He has held the positions of Administrator of Union Territory of Lakshadweep, Chief Executive Officer of Delhi Urban Shelter Improvement Board, and Chief Executive Officer of Chandigarh Housing Board in Chandigarh.
India has undertaken many policy initiatives in the last five years to enhance domestic oil & gas production. These include a new upstream contractual regime under the Hydrocarbon Exploration and Licensing Policy (HELP), award of exploration blocks under the Open Acreage Licensing Policy (OALP), award of discovered fields under Discovered Small Fields (DSF) bid rounds, bids invited for small & marginal nomination fields, marketing and pricing freedom, and others. What is the impact of these initiatives? How can India arrest production decline? What additional reforms are required? What can international companies do to grow domestic oil and gas production?