PROFILE

Essar has a presence across the hydrocarbon value chain, from exploration & production to refining and retail. It has a portfolio of Unconventional Hydrocarbon blocks in India, including the country’s largest producing CBM (Coal Bed Methane) block. It also operates a 10 MTPA (million tonnes per annum) refinery in the UK, which is supported by a countrywide network of over 65 retail outlets, with a target of 400 outlets in the next five years.

operations

Exploration and Production

Essar Exploration & Production Ltd Mauritius (EEPLM) is an early stage developer, focussed primarily on oil & gas exploration. Its global portfolio includes conventional acreages as well as unconventional hydrocarbon acreages that have a resource base of 15 TCF (2.5 bboe) of gas. It has invested $1.1 billion in various acreages across the world.

These investments include:

  • Unconventional hydrocarbon acreages in India through its entity Essar Oil & Gas Expolartion and Production Limited (EOGEPL). EOGEPL is one of the largest exploration & production (E&P) companies in India primarily focussed on Unconventional Hydrocarbons (UHC), with a resource base of 15 TCF of UHC that is strategically located in key sedimentary basins across India. The company is a pioneer of UHC in the country, with about 25 years of experience in E&P of Coal Bed Methane (CBM). EOGEPL’s flagship Raniganj East CBM asset is not only India’s largest producing CBM asset but also has a prolific shale gas potential.
  • Investment in Vietnam offshore block in joint venture with Eni
  • Investments in an exclusive block OPL 226 in Nigeria

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Refining and Marketing

Essar Oil (UK) Limited (EOUK) is an $8 billion company that owns and operates UK’s second largest oil refinery located in Stanlow near Liverpool. The Company plays a key role in the UK economy, supplying 16 percent of the country’s road transport fuels, especially in the NorthWest region, which comprises the cities of Liverpool and Manchester. It is also a leading supplier of aviation fuel to major airlines operating out of Manchester, the country’s second largest airport. Apart from its state-of-the-art refining capabilities, EOUK has a rapidly growing retail footprint with plans to open 400 oil retail outlets in the UK.

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