Italy’s Eni has signed an agreement with the Indian company Essar for the acquisition of 50% and the operatorship of exploration block 114, located offshore in Vietnam’s Song Hong Basin. The exploration activities in the newly acquired block include the acquisition of a 3D seismic survey and the drilling of two wells. The block, which [...]
Essar Projects Limited yesterday announced the completion and handing over of the Rs 1,064-crore D1 development project, 200 kms off Mumbai,to ONGC, facilitating the scaling up of the D1 field production to 35,000 BOPD (barrels of oil per day). The largest offshore project executed by Essar Projects Limited envisaged the installation of three offshore platforms, [...]
India’s Essar which ordered two jack-up rigs from the compatriot ABG Shipyard back in 2008, is expected to take delivery of the first rig in December this year. The second rig is scheduled for delivery by 2Q 2013. Under the original contract, ABG Shipyard was expected to deliver the jack-ups in 2010 and 2011. According [...]
![Essar to Install 3 Platforms Offshore India by March End]()
Essar Projects has today announced the completion of Rs.1,064crores D1 Development Project for ONGC by end-March 2012. The project includes installation of three offshore platforms, layingof subsea pipelines to connect the three platforms to the existing floating production, storage and offloading (FPSO) through a Pipeline End Manifold (PLEM). All new platforms, the PLEM and the [...]
February 9, 2012 | Posted in
Company News,
Featured,
Headlines,
News,
NEWS BY TOPIC,
News Categories,
Press releases,
REGIONAL NEWS,
Research & Development,
South & Central Asia |
Read More »
![India: Essar Oil Limited Reports Strong Financial Performance]()
Essar Oil Ltd (EOL) today reported revenues of Rs 13,809 crore for the quarter ended 31 December 2010, an increase of 21 percent compared to the corresponding quarter in the last financial year. Revenues were boosted by higher crude prices and the refinery’s record throughput. At Rs 827 crore, EBITDA grew by more than 263 [...]
![India: Essar Earmarks $1.1 bln for Fleet Expansion]()
Essar Shipping Ports and Logistics Ltd (ESPLL) is in the process of investing $1.1 billion to acquire 12 new vessels and two jack-up rigs… By Hamit Mitra (Hindu Business Line) Source:Hindu Business Line, January 10, 2011;
January 10, 2011 | Posted in
Company News,
Contracts & Tenders,
Featured,
Headlines,
News,
NEWS BY TOPIC,
News Categories,
Popular articles,
REGIONAL NEWS,
South & Central Asia,
Vessels |
Read More »
![Indian Shipping Giants Want Their Piece of Offshore Cake]()
Rising oil prices and heightened exploration & production activity are drawing more Indian shipping companies to invest in the offshore… Source: Financial Express, August 9, 2010:
![Vietnam: Essar Oilfields Services Ltd. Bags $40 M Drilling Contract]()
Essar Oilfields Services Limited (EOSL) a wholly owned subsidiary of ESPLL, has been awarded its first contract outside India, valued at approx US$ 40 million by Vietsovpetro JV (VSP), an E&P company operating in Vietnam, for drilling a 4,800-m offshore well. EOSL won the contract amidst stiff competition from international drilling contractors like Transocean, Diamond [...]
