Essar Exploration & Production Ltd. possesses expertise in exploration and production as well as evaluation activities for coal bed methane (CBM). As an early stage developer, it is fast emerging as one of the leaders in natural gas exploration and production, worldwide.
Having pioneered the development of unconventional hydrocarbons in India, it is now forging ahead beyond exploration and production to become an oil and natural gas ecosystem developer. It is consistently playing a crucial role in the evolution of the entire value chain from production to supplying the end user with clean fuel.
EEPL’s portfolio comprises unconventional hydrocarbon acreage in India, along with conventional oil and gas blocks in Vietnam and Nigeria.
Apart from its primary focus on upstream activities, EEPL operates a distribution network of gas pipelines to ensure seamless natural gas supply to all its industrial customers.
EEPL is one of the portfolio businesses of the global investor, Essar Global Fund Limited (EGFL). EGFL invests, builds and nurtures a portfolio of world-class companies through Essar Capital, its investment manager.
Essar currently owns businesses in the core sectors of Energy, Metals & Mining, Infrastructure and Services & Technology.
Having commenced operations in Chennai in 1969, the 50-year journey of Essar now spans multiple geographies, employs over 7,000 people. With its businesses delivering combined revenues of US$ ~14 billion, EGFL feels privileged that it’s investments are integral to the growth and development of nations it invests in.
Essar, in its 50 year’s heritage, has played a vital role in India’s development. It made capital investments of over ~US $28 billion in the Nation’s vital sectors, with substantial equity from Essar. Through its experience, expertise and entrepreneurial spirit, Essar has built some of the finest assets, creating thousands of jobs, and contributing hundreds of millions dollars to the exchequer by way of taxes and royalties.
The greenfield assets built by Essar have attracted significant Foreign Direct Investment (FDI) of US $40 billion, which is reflective of the superior and world-class quality of our assets. The Essar Oil-Rosneft deal alone saw inflow of over ₹86,000 crore (~US $13 billion) of FDI, India’s largest until date.
With a strong focus on ESG (Environment, Social, Governance), EGFL ensures apt structures, stringent policies and guidelines, and benchmarked processes and Corporate Social Responsibility for all its businesses.