Talukdar or Srivastava for Oil India chairman

Vol 15, PW 2 (28 Jul 11) People & Policy
     

BN Talukdar’s years of solid experience as an Oil India director might just be enough to win him the Oil India chairman job.

Talukdar has been Oil India director exploration since December 2007 but faces stiff competition from well-connected SK Srivastava, an Oil India employee on secondment to the DGH as its powerful director general. Both Srivastava and Talukdar are among internal Oil India candidates who submitted CVs to the PESB by the July 1 deadline in the race to replace NM Borah who retires on April 30 next year.

“Talukdar became a director long before Srivastava,” says a company source. “He has made a significant contribution to the company.

” Talukdar supporters say during his time Oil India has achieved its highest ever crude oil and gas production, equivalent to 3.5m t/y. Since 2007, Oil India has also achieved an impressive ‘reserve replacement ratio’ of 1:0.

“But Talukdar should not underestimate Srivastava,” adds a source. “Srivastava has friends in high places.

His job as DGH boss gives him unrestricted access to ‘people who matter’ at the oil ministry.” Talukdar supporters are worried by Srivastava’s clout and allege he ‘guided’ his close friend S.

Rath into the role of Oil India director operations. “Srivastava took Rath to the DGH as deputy director general in September 2010 and ‘ensured’ he was selected as Oil India director operations in December 2010,” we are told.

Srivastava himself was Oil India director operations before moving to the DGH in February 2010. Interestingly, Rath has also applied for the Oil India chairman post.

So too has Oil India director (human resources and business development) NK Bharali. Oil India director finance TK Ananth Kumar is not eligible, as he will have less than two years left to retirement when the post falls vacant.