We have been active in the Asian country since 2005 in the fields of Exploration & Production, Gas & Power and Refining & Marketing and Chemistry, but the first contacts with India date back to the late 1950s.
Exploration & Production
Below are the data for 2018 on developed and undeveloped areas in the country.
The main production and development fields are located in the offshore area of Cauvery Basin, near the southeast coast of the country. Started in 2009, production is essentially supplied from the PY-1 gas field and has been sold to the country's state-owned company. The asset belongs to Hindustan Oil Exploration Company Ltd (HOEC), 47.18% of which we hold and which was acquired in 2008 as part of the Burren deal. Through HOEC we hold mining licenses in the Indian onshore, Cambay Basin and offshore east coast at Chennai.
We are present in the chemical sector through Versalis which, through its subsidiary Versalis Pacific Trading (Shanghai), has signed an agreement with the Indian company Reliance Industries Ltd. for the marketing of styrene-butadiene rubber (SBR) produced in the new Indian plant. The agreement for the sale of this material follows the licensing agreement already signed by the two partners in 2011, when Versalis granted a technology and know-how licence for the production of 140 thousand tons per yearof emulsion styrene-butadiene rubber, aiming at the tyre market segment.
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