“The mind is everything. What you think you become.” 
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22 Feb 2013

DYNAMIC OFFSHORE Ambitious Plans

India’s Republic Day 2013 saw the launch of hi-tech jack-up rig "Dynamic Vision" of Vision Drilling Pte Limited, a wholly owned subsidiary of Dynamic Offshore Drilling Limited. What is peculiar of this launch is the passion displayed by its promoters the owner company and the fabrication yard to bring it afloat in a record time maintaining perfect safety standards rarely seen anywhere around the world. The rig will be deployed on a five year charter by Oil & Natural Gas Corporation Limited (ONGC) in western part of offshore India.

1 Feb 2013

Dynamic to boost fleet with further newbuilds

Cyprus-based Dynamic Offshore Drilling is planning to expand its fleet with more newbuild units, the second of which could be ready for service by 2016.

Dynamic is considering building many more rigs, and will “maybe start as soon as possible”, said Dynamic Chairman Naresh Kumar.

27 Jan 2013

Dynamic Offshore Drilling to deploy rig for ONGC from next mth

Dynamic Offshore Drilling will deploy a newly built exploration rig next month in the Western offshore part of India for drilling oil and gas wells for Oil and Natural Gas Corp (ONGC).

The USD 205-million rig, christened 'Dynamic Vision' here yesterday, has entered into a five-year contract with ONGC, Dynamic Offshore Drilling said.

28 Jan 2011

To attract people and capital, industry must educate the public - Naresh Kumar, Chairman, Deepwater Drilling & Industries Ltd.

Naresh Kumar is chairman of Deepwater Drilling & Industries in India, a recently established company providing offshore drilling and related services to national and international E&P companies and evaluating offshore projects in India and Asia Pacific. The company intends to provide multiple services in the offshore sector through acquisitions and collaborations with service providers. Mr Kumar is a member of the IADC Executive Committee.

31 Aug 2010

Naresh Kumar outlines the scenario of onland and offshore rigs and E&P activity in India in this interview with Sandeep Menezes.

The Centre has approved a three year rig holiday for oil explorers as a severe severe shortage of offshore drilling rigs has delayed output schedules. The three-year rig moratorium came in the backdrop of a sudden spur in E&P activity due to high crude prices during 2007-08. Deep water rigs suddenly were in shortage due to high demand world over. Indian oil and gas operators that were bound as per PSC to finish their minimum work programmes in specified period were unable to hire rigs due to unavailability and skyrocketing prices which appreciated by up to 250 per cent.

01 Aug 2010

Chief Editor, DEW talks to Mr. Naresh Kumar,President, Petrotech Society to find out the activities ofthe Society as also itsstrategies to make theupcoming PETROTECH2010 the best in class.Excerpts from the interview :

Congratulations for being re-elected, for forth consecutive term from amongst the doyens ofthe Indian oil industry as President, Petrotech Society. What was your winning edge? Thanks. It is always an honor to be associated with Petrotech Society and work for the industry with someof the best of Oil and Gas professionals. As one of the founding members of the Petrotech Society, I have tried to give it as much quality time andeffort as possible to help it grow from a small base to aglobally renowned body in this industry.

12 Jul 2010

Mr. Naresh Kumar, Managing Director, Jindal Drilling & Industries Ltd has been re elected as the President of Petrotech Society. He was re-elected unanimously in the 19th Governing Council Meeting of the Society, to serve his fourth consecutive term as the President. Petrotech Society is India’s leading non-profit organization whose members include prominent leaders in the oil industry - ONGC, Reliance, BPCL, IOCL, Cairn India, L&T, EIL, GAIL, Oil and British Gas to name the few.

India’s oil demand has been steadily increasing over the years. According to the latest Oil Market Report (OMR) released by the International Energy Agency (IEA) in June 2010,

25 Feb 2009

Mr. Naresh Kumar, Managing Director, Jindal Drilling & Industries Ltd (JDIL) and President, Petrotech Society hasreceived another feather in his cap by being nominatedas member, Executive Committee of prestigious International Association of Drilling Contractors (IADC),headquartered in Houston Texas, USA for a period of three years. IADC is a global apex body since 1940 for Drilling Contractors and is dedicated for enhancing the interests of the oil-and-gas and geothermal drilling and completion industry worldwide.

Mr. Naresh Kumar, has been the founder memberand has served as first Vice Chairman of IADC SouthCentral Asia Chapter.

10 Oct 2008

Jindal Drilling & Industries, Managing Director, Naresh Kumar has steered the New Delhi-based outfit to the top tier of the Indian drilling game and is now plotting its course overseas.

Kumar explains how India’s domestic scene has shifted dramatically from solely foreign drillers in the 1980s. Initially, a handful of Indian rig owners emerged, armed witha few ageing jack-ups. Times havechanged rapidly of late as companies such as Jindal place new-build orders at world-class yards such as Keppel Fels.

24 Aug 2008

Mr. Naresh Kumar says “It’s a logical next step for us to forward integrate into oil & gas exploration”

31 Jan 2007

Mr. Naresh Kumar, Managing Director of Jindal Drilling & Industries Ltd. and President of the Petrotech Society, an international oil & gas conferences and exhibitions organization which formed in January, has been once again unanimously elected as Chairman Oil & Gas Service Division - Confederation of Indian Industry (CII). His foresight and cohesive efforts to assist with the resurgence to the Indian oil & gas services industry played a major role in his re-election.

CII is playing a proactive role in India's development process and serves as a reference point for the Indian industry and the international business community. CII has membership of over 96,300 companies and around 336 affiliated associations.

 
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