Essar Oil has appointed Manish Maheshwari as Chief Executive Officer- Exploration & Production.
With around 23 years of experience, Maheshwari, till recently, was the Managing Director of Hindustan Oil Exploration Company Ltd.
As CEO-E&P, Maheshwari will be responsible for Essar’s entire E&P business, which includes 15 blocks and fields in various stages of exploration and production in India, Indonesia, Madagascar, Nigeria and Vietnam, Essar Oil said.
The total reserves and resources across these assets is estimated to be 2,034 mmboe (million barrels of oil equivalent).
Essar’s development and production assets include Raniganj CBM Block in West Bengal, Ratna & R Series in Mumbai Offshore and the Mehsana Block in Gujarat.
Currently, the gas production at Raniganj is about 300,000 standard cubic meters per day (scm/d), which would be ramped up to three million scm/d.
The company has drilled 230 wells and laid the requisite infrastructure, including pipelines to supply CBM gas to end consumers, Essar Oil said.