Coal news and updates

Manish Maheshwari takes charge as CEO of Essar Oil

November 25: Essar Oil Limited, a part of the Essar group, has appointed Manish Maheshwari as the Chief Executive Officer - Exploration & Production (E&P), the company said in a release.

Maheshwari would 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.

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 & 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 shall ramp up to 3 million scm/d.

Maheshwari, who till recently was the Managing Director of Hindustan Oil Exploration Company Ltd., 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 multi-fold increase in production.