Essar plans to drill off India, Vietnam

Essar Energy is reportedly planning to start exploration drilling at its blocks in India and Vietnam in September-October this year. 

According to India’s business newspaper The Economic Times, the company is hoping to uncover new reserves in order to boost its crude oil production.

The Economic Times quotes Manish Maheshwari, CEO of Exploration and Production at Essar Energy’s oil and gas unit Essar Oil, as saying: “We would be drilling a couple of exploration wells in Mumbai offshore and Vietnam in the fair weather window later this year. Depending on the results of the initial drilling, we will decide how many wells we want to drill.”

According to Essar’s data, the company has 50% interest in one shallow water offshore exploration block MB-OSN-2005/3, near the Mumbai High field in the Mumbai offshore basin, offshore eastern India. India’s Oil and Natural Gas Corp. (ONGC) owns the remaining interest in the block.

“The E&P sector has not seen any activity in India since 2010. We have assets at different stages and have prioritised certain assets. Now the focus is to ramp up production and convert these assets into mature producing properties,” Maheshwari was quoted as saying.

In Vietnam, Essar owns 50% interest in one offshore oil and gas block, and the other 50% was acquired by Italy’s Eni from Essar in July, 2012.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply