We were active in the Asian country from 2005 in the fields of E&P, G&P and R&M 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 were located in the offshore area of Cauvery Basin, near the southeast coast of the country. Started in 2009, production was essentially supplied from the PY-1 gas field and sold to the country's state-owned company. The asset belonged to Hindustan Oil Exploration Company Ltd (HOEC), 47.18% of which we held and which was acquired in 2008 as part of the Burren deal. Through HOEC we held mining licenses in the Indian onshore, Cambay Basin and offshore east coast at Chennai.
We were present in the chemical sector through Versalis which, through its subsidiary Versalis Pacific Trading (Shanghai), 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 followed 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 year of emulsion styrene-butadiene rubber, aiming at the tyre market segment.
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