NOVEMBER 20244Powering India's Energy Exploration Several key factors are driving growth of the oil and gas field services market in India. The Exploration and Production (E&P) activities have intensified with the country's increasing demand for energy, particularly fossil fuels, which has increased the demand for field services. India, one of the largest energy consumers in the world, relies heavily on imports of oil and gas to meet its energy needs, which has seen public and private sector investment in upstream and downstream activities. Government's policies of reducing import dependence are among the top drivers. This has allowed new investments and exploration activities to happen and as a result requires more drilling, well completion, seismic studies and equipment maintenance. There is also a positive impact on the field services market due to technology advancement and adoption of digital solutions in exploration and production process as well as a direct impact on operational efficiency. Automation, data analytics and real-time monitoring have been the focus of operations and cost-effectiveness has led to more investment in these areas. On top of that, the rise of natural gas as a purer substitute to coal and crude oil, in line with India's efforts to lessen its carbon emissions, has fueled the exploration and production of gas. This trend only adds to the need for field services. As India aims for energy security and sustainability, the market for service providers is expected to grow and become more lucrative, as operators throughout the oil and gas value chain strive to enhance efficiency and reduce costs. In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner. We welcome your feedbacks and suggestion that you may have concerning this special issue. Sudhakar SinghManaging Editoreditor@theindustryoutlook.comVol 5 · Issue 2 - 11· NOVEMBER , 2024Publisher Alok ChaturvediManaging Editor Sudhakar SinghAssociate EditorDarshan KAssistant Editor Roshan AktharEditorial TeamThiruamuthan T K Viswanathan A GM - Media & Graphic Designing VisualizerPrabhu Dutta A.R.N Ray Senior DesignerRajesh R B Visualizer V Hari PriyaSuanya BanerjeeAdvertising QueriesPrajnya Paramita Bhol Jaya Arora Rubi KumariGM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Technologies Pvt. Ltd. and Printed at Executive Prints - 113/7, Ground floor, Old madras road, Halasuru, Bangalore 560008 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2024 Biz Print Media Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.
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