Ashok Belani has served as Executive Vice President of Technology at Schlumberger since August 2011. Mr. Belani is responsible for Schlumberger Research, Engineering, Manufacturing, Technology Lifecycle Management, Software Technology, and Information Technology. Since 2013 he has also led the marketing, sales, and account management functions for Schlumberger. Prior to this appointment, Mr. Belani served as President, Reservoir Characterization, and earlier as Chief Technology Officer. Mr. Belani joined Schlumberger as a Field Engineer in 1980 and worked for 10 years in different field positions in operations, sales, and management. He then transferred to product development and held positions in engineering, marketing and technique, and technology management. He served as Vice President of Marketing and Product Development for Wireline and later as Vice President of Marketing and Product Development for Oilfield Services. He later held the position of Chief Information Officer of Schlumberger Limited. Between 2000 and 2004, Mr. Belani managed the Schlumberger semiconductor equipment business in California, where he led a leveraged buyout to a private equity firm, listed the company on Nasdaq as Chief Executive Officer, and then sold it to Credence Systems. He serves on the Advisory Board for the School of Earth Sciences at Stanford University, and the Board of Moscow Institute of Physics and Technology. Mr. Belani studied electrical engineering in India and holds a graduate degree in petroleum engineering from Stanford University.
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?