Houston and Calgary next stops for NELP-VII roadshow

Vol 11, PW 18 (24 Jan 08) People & Policy

After London the NELP-VII roadshow moves to Houston where it will be held at the JW Marriot hotel on January 28.

If you are in London attending the roadshow at the Landmark hotel, all the below might be familiar. In Houston registration will be at 8am and the function will begin an hour later with the traditional â€کlighting of the lamp’.

Then follows a seven to ten minute documentary on India’s oil sector. This is followed by the inevitable welcome speeches.

First from India’s ambassador to the US or consul general in Houston, followed by someone from the US government’s Department of Energy. At 9.30am oil secretary MS Srinivasan will deliver a 10-minute address followed by a â€کkeynote’ speech from oil minister Murli Deora.

Then it’s time for another cup of coffee before the barrage of presentations begins. V.

Raghuraman, principal energy advisor to the Confederation of Indian Industry starts his speech at 9.50am, followed by in-country players such as Franco Conticini of Italy’s Eni, the only global oil major exploring for oil in India, where it operates two blocks and partners ONGC in a third. RS Sharma, CMD of ONGC, and PMS Prasad of Reliance, will also talk.

With luck Prasad will shed light on Reliance’s uncanny knack of striking oil and gas almost wherever it anchors a rig! After more tea and coffee, KPMG will send delegates rushing for the exits with a presentation on tax, followed by what promises to be a rousing presentation from DGH boss VK Sibal on why you should sink your money into Indian rocks. Joint secretary exploration AK Jain will also speak on fiscal and contract terms.

The session ends with questions and answers and lunch - likely to be delayed - at 12.30pm. From Houston the NELP-VII caravan will reach the Hyatt Regency in freezing Calgary on January 31.

The programme will by-and-large remain the same as in London and Houston. Watch out for Les Kondratoff, CEO of Canadian explorer Canoro Resources, who should give some insights on operating in the frontier north-eastern states of India, where Canoro has an exploration agreement with ONGC and a â€کspecial relationship’ with insurgency-hit Nagaland.

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