• Brent Crude$85.53 +1.09%
  • Natural Gas$5.28 +3.23%
  • Gasoline$2.48 +0.08%
  • Heating Oil$2.54 -0.40%
  • Gold$1795.50 +0.80%
  • Silver$24.43 +1.14%
  • Copper$4.53 -1.34%
  • OPEC$83.36 +0.07%
  • WTI Crude$83.76 +1.53%

Oil & Gas, Power, IT & Communication

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Essar Oil Limited

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Mumbai ,  India

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Company Profile

  • Country

  • Employees

    7,000+ people
  • Corporate Video video

  • Incorporation Year

  • Annual Revenue (Year)

    14 Billion USD
  • Web web

  • Total Assets Value

    28 Billion USD
  • Career career

  • Global Presence

    United States, Philippines, Costa Rica, Sri Lanka, Malaysia, Australia, Saudi Arabia, United Kingdom, South Africa, Peru, Argentina, Japan

Who we are

Essar Group is a multinational conglomerate and construction company of India that was founded and established by Shashi Ruia and Ravi Ruia, in 1969. Essar Global Fund Limited (EGFL) controls various assets across the core areas of Energy (Oil Refining, Oil and Gas Exploration, and Production, Power), Infrastructure (Ports, Projects), Metals and Mining, and Services (Shipping, Oilfield Services, IT). EGFL holds near 100% stake in all its investments.

What we do

The Essar Oil & Gas Exploration & Production Ltd. (EOGEPL) owns a portfolio of CBM blocks of about 1.7 billion barrels of oil equivalent in the reserves and resources. It operates one of India's highest producing CBM (Coal Bed Methane) blocks in Raniganj, West Bengal, and owns four other CBM blocks. EOGEPL's Raniganj CBM block in West Bengal having the most noteworthy producing coal bed methane block in the nation additionally has tremendous shale potential as has been affirmed by an independent study. The block has shale gas resources of about 7.7 TCF (trillion cubic feet) and recoverable reserves of 1.6 TCF.

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