I n d i a D r i l l i n g & E x p l o r a t i o n C o n f e r e n c e - I D E C 2 0 2 2
15th India Drilling & Exploration Conference ( IDEC )
I n d i a D r i l l i n g & E x p l o r a t i o n C o n f e r e n c e - I D E C 2 0 2 2
India Drilling and Exploration Conference ( IDEC ) has always played a vital role in discussing technological developments for the energy industry along with providing solutions for sustainable development . Summarizing the 15th edition of IDEC , the topic of discussion and the theme of the conference was what the future of Oil & Gas would possibly look like , and how the companies need to adapt to comprehend its opportunities . It has been suggested that there is no one single approach that would be constructive ; in fact , it is the basket portfolio approach that would give any energy company its sustainability and effectiveness in the coming future . Coming to the theme , the future of Oil & Gas seems to be very promising and secure . Based on all forecasts , fossil fuels would continue to offer energy for the decades to come . In complete terms , fossil fuels would be prevalent up to and including 2050 globally . The demand of fossil fuels would be easily met by the huge untapped resources . It is estimated that global recoverable reserves for conventional oil have been increasing due to reasons namely , technology , successful exploration , and increased recovery from existing fields . It is to the extent that the US Geological Survey approximates that the total recoverable resources have doubled since the 1980s , from 1,700 billion barrels to over 3,300 billion barrels . On top of this , there is a huge resource-base of non-conventional oil to still explore and acquire . www . idecindia . com