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Thursday October 23rd 2014

Petroleum Minister Jaipal Reddy Presents Petrofed Awards 2011

New Delhi: The annual PetroFed Oil & Gas Industry Awards for 2011 for excellence in performance in various categories were presented by the Union Minister for Petroleum & Natural Gas, Shri S. Jaipal Reddy here today. The awards for performance during fiscal 2010-11 were in 11 categories.

Shri Reddy congratulated the eight companies in the public and private sector and the individuals who received the awards and commended the apex hydrocarbon industry association for instituting the awards in 2007 to recognise and nurture talent and excellence in the oil & gas industry operating in India. Petroleum Federation (PetroFed) is an Association representing companies from public & private sector which are operating in Indian oil & gas sector ..

Welcoming invitees Chairman, PetroFed and Chairman, Indian Oil Shri R. S. Butola highlighted the need for keeping the spirit of healthy competition alive through such awards. Director General, PetroFed Shri A. K. Arora pointed out that the awards were reviewed every year for improvement and all companies operating in India in the oil & gas sector were eligible without any application fee.

The leading PetroFed award winners were Indian Oil and ONGC. All awardees of PetroFed awards were presented a trophy and a citation. Indian Oil bagged the Leading Oil & Gas Corporate Year of the award, the Oil & Gas Marketing – Company of the Year award and the one for Project Management (above Rs. 2000 crore) for their MS/HSD quality improvement and residue upgradation project at Gujarat Refinery. ONGC won the awards for Human Resources Management, Environmental Sustainability and the Innovator of the Year award by their team from the Institute of Oil & Gas Production Technology for developing ‘Viscoelastic Surfactants Based Self-diverting Acid (VSDA)’ for stimulation of oil & gas wells. Each of the five team members led by Mr. Y. R. L. Rao, Dy. General Manager (Production) also received a cash prize of Rs. one lakh.

Ms. Arpana Anand, Senior Project Manager from the Pipelines Division of Indian Oil was chosen as the Woman Executive of the Year . She also received a cash award of Rs. one lakh in addition to the trophy and citation.

The other award winners were Oil India Limited for Exploration & Production and Jindal Drilling Industries for Drilling Services. The Refinery of the Year award was bagged by Essar Oil while the Project Management award for Projects between Rs. 500-2000 crore went to HPCL for their Guru Gobind Singh Refinery Product Evacuation project. The award for Pipeline Transportation went to Cairn Indian Limited with GAIl (India) Limited being chosen for a Special Commendation in this category. A Special Commendation was also conferred on Mr. Arun Jayendran, Officer Trainee of HPCL in the Innovator of the Year – Individual category for his development and implementation of SCADA system at the Palghat LPG Plant. It was explained at the function that the award winners were selected through a rigorous process of collation by knowledge partner PricewaterhouseCoopers, evaluation by the Awards Committee led by Dr. Prodipto Ghosh, Distinguished Fellow, TERI and former Secretary to the Government of India and selection thereafter by an eminent Jury headed by the former Chief Justice of India, Hon’ble Mr. Justice J. S. Verma.

[PIB]

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