Type | Subsidiary of Oil and Natural Gas Corporation |
---|---|
Industry | Oil and gas industry |
Founded | 2004 |
Headquarters | , United Kingdom |
Key people | |
Revenue | US$19.9 million (2007)[ clarification needed ] |
US$39 million (2007)[ clarification needed ] | |
US$42.5 million (2007)[ clarification needed ] | |
Owner | Oil and Natural Gas Corporation |
Website | imperialenergy |
Imperial Energy Corporation PLC is a wholly owned subsidiary of the Oil and Natural Gas Corporation which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India operating in Siberia. It is British-based and headquartered in Leeds.
The business was founded in 2004. In 2007 it was first listed on the London Stock Exchange. The company was acquired by ONGC for $2.1 billion in January 2009. [1]
Imperial Energy Corporation produces approximately 80% of its oil from Maiskoye field and 20% from Snezhnoye field in Tomsk region. The company had an extraordinarily high exploration success rate under British management with exploration activity on all blocks, in particular block 80 to the north of the river Ob, where a significant new Cretaceous play was discovered in June 2008. However, recent exploration results under the new Indian management have been disappointing. In addition, new investment aimed at boosting production has not materialised causing production levels to drop below targets. The parent company ONGC have recently run into trouble with the Government over poor operational results, unpaid salaries, legal confrontations with staff and outsourcing of valuable contracts to foreign companies resulting in a warning that future projects involving ONGC depended on better results from this current project.
Imperial Energy have a large number of promising and previously undrilled structures in all blocks in addition to 3.5 billion barrels of reserves currently in the 3p or 'possible' category. New exploration wells and seismic data are planned for 2010. [2]
Imperial Energy has two operational pipelines flowing west of the Ob River: the 152 kilometres (94 mi) long Maiskoye-Luginetskoye pipeline and the 152 kilometres (94 mi) Snezhnoye-Zavyalovo pipeline, connected with the Transneft's pipeline system. The company also constructs the third pipeline linking its Block 80, East of the Ob River, to Zavyalovo. [3]
The company is currently operating through four subsidiaries:
The business is organised on a geographic basis:
PetroChina Company Limited is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas producer. Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007, and subsequently entered the constituent of SSE 50 Index. In the 2020 Forbes Global 2000, PetroChina was ranked as the 32nd-largest public company in the world.
PJSC Rosneft Oil Company is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words Rossiyskaya neft.
China Petroleum & Chemical Corporation (中国石油化工股份有限公司), or Sinopec, is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai.
The China National Petroleum Corporation (CNPC) is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth in 2022 Fortune Global 500, a global ranking of the largest corporations by revenue.
PetroVietnam is the trading name of the Vietnam Oil and Gas Group. PetroVietnam has developed rapidly since it was established in 1977, and its activities, through its various companies and wholly owned subsidiaries, now cover all the operations from oil and gas exploration and production to storage, processing, transportation, distribution and services. Wholly owned by the Vietnamese central government, it is responsible for all oil and gas resources in the country and has become its country's largest oil producer and second-largest power producer.
Oil India Limited (OIL) is a central public sector undertaking engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The central public sector undertaking is a Maharanta, with the Ministry of Petroleum and Natural Gas overseeing its operations. Headquartered in Duliajan, Assam, the company has its offices in Duliajan, Noida, Guwahati and Jodhpur.
INPEX Corporation is a Japanese oil company established in February 1966 as North Sumatra Offshore Petroleum Exploration Co., Ltd. INPEX is the largest oil and gas exploration and production company in Japan, with global exploration, development and production projects in 20 countries. In the 2020 Forbes Global 2000, INPEX was ranked as the 597th -largest public company in the world.
TNK-BP was a major vertically integrated Russian oil company headquartered in Moscow. It was Russia's third-largest oil producer and among the ten largest private oil companies in the world. In 2013 it was acquired by Russian oil company Rosneft.
Azeri–Chirag–Gunashli or Azeri–Chirag–Deepwater Gunashli is a complex of oil fields in the Caspian Sea, about 120 kilometres (75 mi) off the coast of Azerbaijan. It consists of the Azeri and Chirag oil fields, and the deepwater portion of the Gunashli oil field. An overall estimate of the area of the development is 432.4 square kilometres (167.0 sq mi). It is developed by the Azerbaijan International Operating Company, a consortium of international oil companies, and operated by BP on behalf of the consortium. The ACG fields have estimated recoverable reserves of about 5 to 6 billion barrels of petroleum. Peak oil production of 835,000 barrels per day (132,800 m3/d) was reached in 2010, however by the first quarter of 2022 production had declined to 434,000 barrels per day (69,000 m3/d), or about one-half of peak value. As of 2021, ACG oil accounted for 95% of all Azerbaijani oil exports.
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and producer in the country and produces around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.
The Power of Siberia 2 is a proposed natural gas pipeline to export natural gas from Russia's Western Siberia Altai region to North-Eastern China.
GAIL (India) Limited is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, renewable Energy including Solar & Wind, exploration and production, Petrochemicals, GAILTEL and electricity generation. GAIL was given the MahaRatna status on 1 Feb 2013 by the Government of India. Only 11 other Public Sector Undertakings (PSUs) enjoy this coveted status amongst all Central PSUs.
Coastal Corporation was a diversified energy and petroleum products company headquartered at 9 Greenway Plaza in Greenway Plaza, Houston, Texas. The company was founded in 1955 by Oscar Wyatt and incorporated in 1955 as Coastal States Gas Producing Company. It merged with the El Paso Corporation in 2001. As of 1999, Coastal was a Fortune 500 company with 13,300 employees and annual revenues of $8.2 billion.
Oando Plc is a Nigerian multinational energy company operating in the upstream, midstream and downstream.
Crescent Petroleum is the first and largest private upstream oil and gas company in the Middle East. Founded in 1971, Crescent Petroleum is headquartered in the Emirate of Sharjah, United Arab Emirates (UAE), with current operations in both the UAE and the Kurdistan Region of Iraq (KRI). As of 2023, Crescent Petroleum and the Iraqi Ministry of Oil have signed three twenty-year contracts as the company focus it efforts in aiding the redevelopment of Iraq.
Krishna Godavari Basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometres 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 in India in 2003.
Frontera Energy is a Canadian petroleum exploration and production company in the business of heavy crude oil and natural gas. Its focus is on Colombia and Peru where it holds numerous properties including 38 blocks in the Llanos, Sucre-Co Lower Magdalena and Cesar Valley, Rancheria, Upper and Middle Magdalena Valley, Putumayo Valley, Ucayali and Maranon basins. In early 2010 it was the largest independent oil company operating in South America and in terms of private companies the fastest growing one in Colombia. In 2011 it was responsible for 41% of the growth in oil production in Colombia. In mid-2015 it changed its name from Pacific Rubiales to Pacific Exploration and Production, signalling the diminished importance of the Rubiales oil field in Colombia in the company's total assets and a broader focus in Latin America. When Pacific Exploration and Production filed for bankruptcy protection on April 27, 2016, it listed Pacific E&P Holdings Corp., Meta Petroleum Corp., Pacific Stratus International Energy Ltd., Pacific Stratus Energy Colombia Corp., Pacific Stratus Energy S.A., Pacific Off Shore Peru S.R.L., Pacific Rubiales Guatemala S.A., Pacific Guatemala Energy Corp., PRE-PSIE Coöperatief U.A., Petrominerales Colombia Corp. and Grupo C&C Energia (Barbados) Ltd. as subsidiaries. In June 2017, it renamed itself Frontera Energy, and was relisted on the Toronto Stock Exchange.
Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. The company was merged with Vedanta Limited.
Bangladesh is the sixteenth-largest producer of natural gas in Asia. Gas supplies meet 56% of domestic energy demand. However, the country faces an acute energy crisis in meeting the demands of its vast and growing population. Bangladesh is a net importer of crude oil and petroleum products. The energy sector is dominated by state-owned companies, including Petrobangla and the Bangladesh Petroleum Corporation. Chevron, ConocoPhillips, Equinor, Gazprom and ONGC are major international companies engaged in Bangladesh's hydrocarbon industry, with Chevron's gas fields accounting for 50% of natural gas production.
Indian Oil Corporation Limited (IOCL) is an Indian multinational oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 142nd on the Fortune Global 500 list of the world's biggest corporations as of 2022. It is the largest government owned oil producer in the country both in terms of capacity and revenue.It has consolidated refining capacity of 80.55MMTPA which it intends to increase to 107MMTPA by 2024-25. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce.