Gujarat State Petroleum Corporation
Encyclopedia
Gujarat State Petroleum Corporation Ltd (GSPC) is an oil and gas exploration company in Gujarat, India
. It is India's only State Government-owned oil and gas company with the Government of Gujarat
holding approximately 95% equity stake. GSPC was incorporated in 1979 as a petrochemical
company. Today GSPC has become a vertically integrated energy company, excelling in a wide gamut of hydrocarbon activities across India.
. It has also built the country's first land-based drilling platform, Ratnakar, at Hazira. GSPC has also exploration activities in Egypt
, Yemen
, Indonesia
, and Australia
.
is a company for power generation in Gujarat. GSPC LNG Limited is an operator of the LNG receiving terminal. GSPC GAS is a gas distribution company. Guj Info Petro provides IT and telecommunication services.
New MD Mr. Tapan Ray, IAS took charge on 10-11-2009.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. It is India's only State Government-owned oil and gas company with the Government of Gujarat
Government of Gujarat
The Government of Gujarat also known as the State Government of Gujarat, or locally as State Government, is the supreme governing authority of the Indian state of Gujarat and its 26 districts...
holding approximately 95% equity stake. GSPC was incorporated in 1979 as a petrochemical
Petrochemical
Petrochemicals are chemical products derived from petroleum. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as corn or sugar cane....
company. Today GSPC has become a vertically integrated energy company, excelling in a wide gamut of hydrocarbon activities across India.
History
GSPC has grown from a small oil and gas producing company in Gujarat into a vertically integrated energy company across India and overseas. Incorporated in 1979 as a petrochemical company, GSPC has today a wide gamut of hydrocarbon activities. In 1992, GSPC widened the scope of its activities and rechristened itself as Gujarat State Petroleum Corporation in 1994. With the Government of India’s decision to privatize the hydrocarbon sector, GSPC acquired several discovered fields in the first and second rounds of bidding process initiated by the Government of India during 1994 and 1995.Operations
GSPC as made the India's one of largest gas finds in the Krishna Godavari BasinKrishna Godavari Basin
Krishna-Godavari basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometers in the Krishna River and Godavari River basins in Andhra Pradesh. The site is known for the D-6 block where Reliance Industries discovered the biggest natural gas reserves...
. It has also built the country's first land-based drilling platform, Ratnakar, at Hazira. GSPC has also exploration activities in Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
, Yemen
Yemen
The Republic of Yemen , commonly known as Yemen , is a country located in the Middle East, occupying the southwestern to southern end of the Arabian Peninsula. It is bordered by Saudi Arabia to the north, the Red Sea to the west, and Oman to the east....
, Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
, and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.
Subsidiaries
Gujarat State Petronet Limited is a natural gas transmission company. The Gujarat Energy Research and Management Institute (GERMI) is an institution for energy education, training and research. GSPC Pipavav Power Company is a company for implemention of a power project in the Saurashtra region. Sabarmati Gas Limited is a company incorporated at 6/6/2006 for developing Gujarat gas distribution network at 3 districts i.e. Gandhinagar, Mehasana & Sabarkantha. Gujarat State Energy GenerationGujarat State Energy Generation
Gujarat State Energy Generation Ltd. is a power company in Gujarat, India. It is a subsidiary of Gujarat State Petroleum Corporation. The company is engaged in gas based generation of electricity. Starting from 1 June 2000 it operates a 156 MW combined cycle power plant near Hazira, Surat....
is a company for power generation in Gujarat. GSPC LNG Limited is an operator of the LNG receiving terminal. GSPC GAS is a gas distribution company. Guj Info Petro provides IT and telecommunication services.
Partners
The company is attracting interest from oil companies all over the world and is signing strategic business alliances covering E & P activities in the subcontinent.- Niko Resources LimitedNiko ResourcesNiko Resources is an India and South East Asia focused oil and gas exploration and production company that shares ownership of many exploration and development properties with Komodo Energy and Reliance Industries. Though it holds exploration rights to of land in 7 countries production currently...
, Canada is the first major partner of GSPC and is the Operator for the four small oil & gas fields awarded in the first round of bidding. - GeoGlobal Resources(Barbados) Inc, Canada is the partner of GSPC in the KG basin offshore exploration block, apart from two blocks in Gujarat.
- Hindustan Oil Exploration Company Limited is GSPC's partner in One exploration block and two small oil/gas fields.
- Jubilant Oil & Gas Private Limited is the partner of GSPC in the KG basin offshore exploration block, apart from one block in Tamil Nadu and two blocks in Gujarat.
- GAILGAILGAIL Limited is a state-owned natural gas processing and distribution company headquartered in New Delhi, India. It has six segments: Transmission services of natural gas and liquefied petroleum gas , Natural gas trading, petrochemicals, LPG and Liquid hydrocarbons, GAILTEL and Others.- History...
(India) Limited is the partner of GSPC for Ahmedabad exploration block and one block each in Tamil Nadu and Mumbai offshore. - Oil & Natural Gas Corporation LimitedOil and Natural Gas CorporationThe Oil and Natural Gas Corporation Limited is an Indian state-owned oil and gas company headquartered in New Delhi, India. It is one of the largest Asia-based oil and gas exploration and production companies, and produces around 77% of India's total crude oil production and around 81% of...
is the Operator for two exploration blocks in Mumbai offshore area in which IOC, GAIL and OIL are also partners, apart from a CBM block in north Gujarat.hardik - Heramec Limited, UK is a significant partner of GSPC having stake in six fields and is the Operator for four of the six small oil & gas fields awarded in the Second rounded bidding.
New MD Mr. Tapan Ray, IAS took charge on 10-11-2009.