Reliance Industries Executive Director PMS Prasad has been awarded the 'Energy Executive of the Year' 2008 award, instituted by the London-based renowned energy journal Petroleum Economist.
"Prasad was recognised for leading the development of Reliance Industries move from a refining and petrochemicals group into a successful, vertically diversified E&P (Exploration & Production) business," RIL said in a statement.
"Under his leadership, RIL commissioned India's first ...deep water oil production facility in a record time of about two years from discovery, and more recently in April 2009, successfully commissioned the world's largest deep-water gas production facilities in a record time of about six and half years from discovery," Petroleum Economist said as part of the nomination.
The award comes as a recognition of the leadership role which Prasad played in bringing India's largest gas field to production within seven years from discovery. The KG D6 block commenced production in a very short time in April this year, despite tight global conditions, the RIL statement said.
The 70-year-old energy publication, Petroleum Economist, which is the official publisher of most of the global energy events, including World Petroleum Congress and World Gas Conference, has nine award categories, with the most coveted one being the 'Energy Executive of the Year Award.'