Minister Hardeep Singh Puri’s affirmation of the consultancy contracts by ONGC being aligned with due process and global best practices sheds light on the approach adopted by the company in engaging specialized entities for technical studies. ONGC’s collaboration with experienced partners for tasks such as reservoir modeling, deep-water studies, and data interpretation justifies the need for cutting-edge expertise, advanced tools, and timely project execution in the oil and gas sector.
There was also an acknowledgment of the limited number of entities worldwide capable of delivering such services underscoring the significance of ONGC’s partnership with M/s Beicip-Franlab, operating under the IFPEN. The Minister’s emphasis on IFPEN’s global recognition for its expertise in deep-water studies and reservoir modeling software highlighted the strategic nature of this collaboration in enhancing ONGC’s capabilities.
The Minister’s mention of the ongoing MoU between ONGC and IFPEN for joint research and technical cooperation batted for a commitment to leveraging innovative technologies, including renewable energy solutions, for sustainable hydrocarbon exploration and development. This collaborative framework not only showcases ONGC’s focus on innovation but also aligns with the evolving energy landscape and towards cleaner and more efficient practices.
The Minister’s clarification regarding the adherence to established guidelines and regulations, such as the GFR and CVC principles, in ONGC’s project implementation justified the company’s attempt at transparency and accountability. The assurance that consultancy contracts are awarded in accordance with protocols went further to speak about the organization’s integrity and governance standards.
In conclusion, Minister Hardeep Singh Puri’s detailed response in the Lok Sabha provides reassurance, against questions raised in some quarters, regarding ONGC’s strategic partnerships and adherence to regulatory frameworks. By re emphasizing the company’s commitment to excellence and global best practices, the Minister has exalted ONGC’s position as a key player in India’s energy sector, driving innovation and sustainability.
