• Global leaders in the drilling and energy sectors spoke at a conference hosted by the IADC Student Chapter at MIT World Peace University, Pune.
• The conference provided students with a unique platform to engage in global IADC activities, network with industry experts, and gain in-depth insights into the drilling sector.

PUNE: There are 300 hot springs in India with an estimated energy potential of 10 GW, yet the commercial production of geothermal energy in the country remains zero. If the potential of this never-ending energy source is fully harnessed, it can help fulfil India’s ever-increasing energy demand in an environment-friendly way. This was said by experts at a conference organized by the Student Chapter of International Association of Drilling Contractors at MIT World Peace University, Pune.

Said Prof. Rajib Kumar Sinharay, Program Director, Department of Petroleum Engineering, MIT-WPU: “Geothermal resources are widely available in India in areas such as the Himalayas, Son-Narmada-Tapti basin, Maharashtra, and Andaman-Nicobar Islands. Many sedimentary basins also have high geothermal gradient in the drilled oil wells. If systematically explored and developed, geothermal can supply significant energy in the major parts of India. Several companies are looking for geothermal energy in India both from private and public sector. ONGC is drilling for its 1MW geothermal energy project in Puga valley, Jammu & Kashmir. Geothermal energy will contribute significantly to India’s energy map in future.”

The conference brought together global experts, including Lars Nydahl Jørgensen, Regional Director (Europe) of the International Association of Drilling Contractors (IADC), and Om Prakash Singh, Director (Technology & Field Services) at ONGC, among others.

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While addressing students, Om Prakash Singh said, “There are numerous challenges in front of the petroleum industry in India. I urge students from various streams to unite and engage with the pressing challenges in the sector. In this era of technology and digitalization, the industry is eager to adopt innovative solutions. Your research in technology and the Internet of Things (IoT) can significantly contribute to the future of petroleum. Together, we can create a meaningful impact.”

During the event, these experts explored critical topics such as government policies for leasing geothermal blocks and profit sharing, investments in geothermal blocks by energy majors, collaborations to create turnkey solutions for geothermal energy, and technology integration. Key technologies discussed included geothermal exploration, reservoir modeling, drilling, and production, as well as the role of subsidies in geothermal drilling to encourage operators to make geothermal projects financially viable.

The International Association of Drilling Contractors (IADC), founded in 1940, is a global organization representing drilling contractors. IADC Student Chapters provide students with valuable opportunities to engage with the international IADC community, seasoned industry experts, and the broader energy industry.

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ABOUT MIT-WPU

MIT World Peace University (MIT-WPU), Pune, is a prestigious world-class institution of higher education in India, embodying a distinguished legacy of 40+ years and committed to nurturing academic excellence. With an expansive global alumni network exceeding 1,00,000 accomplished professionals, MIT-WPU consistently demonstrates exceptional educational achievements. The university remains at the forefront of academic innovation, offering a comprehensive study of over 150 undergraduate and postgraduate programmes, each meticulously crafted to blend theoretical foundations with practical application.

Embracing an educational philosophy centred on experiential learning, MIT-WPU empowers students to transition knowledge into tangible skills for the real world seamlessly. This ethos is further reinforced through immersive internships and invaluable mentorship opportunities, catalysing profound personal and professional development.

We envision a future powered by education, innovation, and culture, one that is sustainable, inclusive, and fosters progressive societal transformation (“Powering The Future”). To achieve this, we cultivate a culture of excellence with three pillars: fostering exemplary leadership, prioritising empathy and improving the present for all, and emphasising interdisciplinary collaboration in our educational approach. Ultimately, we believe that true global peace and harmony can be reached through the concordant integration of Science and Spirituality.

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