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Essar Oil appoint new E&P head

24th November 2014

Essar Oil has announced the appointment of Manish Maheshwari as chief executive officer - Exploration and Production

Essar Oil appoint new E&P head
As CEO-E&P, Maheshwari would be responsible for Essar’s entire exploration and production business, which includes 15 blocks and fields in various stages of exploration and production in India, Indonesia, Madagascar, Nigeria and Vietnam. Picture Courtesy: Essar Oil

With around 23 years of experience,  Maheshwari till recently was the managing director of Hindustan Oil Exploration Company Ltd.

As CEO-E&P, Maheshwari would be responsible for Essar’s entire exploration and production business, which includes 15 blocks and fields in various stages of exploration and production in India, Indonesia, Madagascar, Nigeria and Vietnam.

The total reserves and resources across these assets is estimated to be 2,034 mmboe.

Essar’s development and production assets include the Raniganj CBM Block in West Bengal, Ratna and R Series in Mumbai Offshore, and the Mehsana Block in Gujarat.

At Raniganj, the current gas production is about 300,000 standard cubic metres per day (scm/d), which will ramp up to 3 million scm/d. The company has drilled 230 wells and laid requisite infrastructure including pipelines to supply CBM gas to end consumers.

At HOEC, Maheshwari led the initiative to induct strategic partners in the company, ensuring smooth transition of strategic shareholders, involving both major and independent international oil and gas players, executing development projects in a safe, time efficient and cost effective manner and positioning the company on a multifold increase in production. He previously served as investment manager in a Danish Investment Fund where he developed strategy for investments in East European Countries aligned to promoting Scandinavian companies interest. Before moving to Denmark, he spent around 12 years with companies like Tata Industries and Hindustan Unilever. Maheshwari holds a Bachelor (Hons.) degree in Chemical Engineering and Masters in Business Administration from Strathclyde University, UK.

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