Michael Deal is Asia Pacific vice president at ExxonMobil Upstream Business Development Company. He has more than 20 years of upstream oil and gas experience with ExxonMobil research, exploration, development, production companies and the corporate headquarters. Prior to his current role, Michael served as an upstream advisor to the Management Committee of Exxon Mobil Corporation in Irving, TX. Other positions have included research manager for geophysics, operations manager responsible for development and production geoscience work in the Americas, strategic planning coordinator for exploration, and geoscience supervisor for Angola.
Michael holds a B.S. in Chemistry from Tulane University and a Ph.D. in Geophysics from Princeton University. Michael is a member of the Society of Exploration Geophysicists and the American Association of Petroleum Geologists. His interests include travel and running marathons.
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?