Dr. Ranjit Rath

Dr. Ranjit Rath, is currently leading Oil India Limited (OIL), India’s oldest National E&P Company as the Chairman & Managing Director and Numaligarh Refinery Limited(NRL) as the Chairman. Oil India Limited (OIL), a state-owned enterprise of the Government of India, with its origin dating back to the glorious year of oil discovery in India in 1889, has been recently bestowed with the MAHARATNA status by the Govt. of India, the highest honour conferred to a Central Public Sector Enterprise (CPSE) in India. Dr. Rath is currently leading the next phase of growth of Oil India Limited with a focus on enhanced exploration coverage and expedited production profile of oil and natural gas. Under his leadership, OIL and its subsidiary NRL, witnessed superlative performance, both in terms of physical and finance parameters. A visionary, Dr. Rath has rechristened a road map “Vision 2040” for OIL and NRL as an Integrated Energy Company with a net Zero target of 2040. Dr. Rath, an alumnus of IIT Bombay & IIT Kharagpur, is a recipient of the prestigious National Geosciences Award from the Hon`ble President of India for 2016. Dr. Rath has also been bestowed the Distinguished Alumnus Award (DAA) of IIT Kharagpur for the year 2022. Dr. Rath, a Geoscientist with impeccable experience and expertise of more than 25 years has a rich portfolio of diverse roles spanning from upstream asset management, strategy formulation and business development to application of geosciences & exploration geology in several important projects including creation of Strategic Petroleum Reserves, a first of its kind initiative of Govt. of India entailing underground rock caverns for strategic storage of crude oil - An intervention towards Energy Security.

Session Overview

Thursday, 7 November

All Sessions

10:00

Strategic Conference ICC Hall 10:00 - 11:00

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Attracting and retaining the energy talent required to deliver the energy transition

In 2023, the IEA reported that energy employment reached nearly 67 million in 2022, with about 35 million in clean energy sectors and about 32 million in fossil fuel sectors. Its Net Zero Emissions by 2050 scenario projects that 14 million new clean energy jobs will need to be created by 2030, while another 16 million workers shift to new roles related to clean energy. Energy organisations have equally critical dual challenges - securing talent and skills to deliver the new energy system while retaining legacy talent and skills for traditional energy production. As with the energy transition itself, solutions will be complex and must take into account employee value proposition evolution, rising employee expectations, the opportunities enabled by a global talent pool, and efficiencies created by emerging new technologies like AI and machine learning. In an increasingly competitive labour market, how can businesses attract and retain the energy talent required to deliver the energy transition?

Attendee insights:

Hear from industry leaders on how they are attracting new talent for the energy transition roles of the future whilst retaining legacy talent for their traditional energy business. Understand from a young graduate perspective what it means to enter the energy industry vs another industry.