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Communications 2.0 in oil and gas sector

April 30, 2022 · Admin

To begin with, some facts about the growth of the oil and gas

(O&O) industry in India from the Directorate General of Hydrocar. bons (DGH): by 2045, oil demand in the country to register a 200% growth to reach 11 million barrels; diesel demand is also expected to double by 2030; and by 2024 natural gas consumption is expected to grow by 25 billion cubic meters. Indian refining capacity is also projected to expand by 30% to 6.9-mbpd (million barrels per day) by 2030, compared to a global refining capacity increase of only 3%.

These projections clearly show the significance of the O&G sector in India's economy for the next three decades. The policy of Department for Promotion of Industry and International Trade (DPIIT) in July 2021 that allows 100% Foreign Direct Investment (FDI) through an automatic route for O&G public sector undertakings (PSUs), and the 100% FDI in upstream and private sector refineries are clear steps to meet the expanding energy demand to take India's economy to $5 trillion by 2025 and to $10 trillion by 2030.

The O&G industry always had stringent regulatory, design, operational, monitoring, and safety requirements, primarily arising from the presence of hazardous elements. We have supported the industry for over two decades through integrated multi-system solutions comprising numerous telecommunications, security, and safety systems.

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