Hydrocarbon exploration and development is conducted over a developed and undeveloped area of 16,752 square kilometres (6,167 square kilometres net to Eni). Hydrocarbon production in 2014 amounted to one thousand boe/day, net to Eni. The main production and development fields are located offshore in the Cauvery Basin close to the southeast coast of the country. Started in 2009, production is supplied mainly from the PY-1 gas field, an asset owned by the Hindustan Oil Exploration Company Ltd. - HOEC (Eni 47.18%), acquired in 2008 as part of the Burren operation. Production was sold to the state energy company. HOEC owns mining licenses in Indian onshore areas, in the Cambay Basin and the east coast offshore at Chennai.
Gas & LNG Marketing and Power
Through HOEC, Eni’s indian subsidiary, which is linked to the indian company GAIL, the company is engaged in the transport and marketing to local marketing of gas to local markets for electricity generation.
Eni is present in the chemical sector in India through Versalis, which with 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 SBR Sales Agreement follows the license agreement that the two partners entered into in 2011 when Versalis seized Reliance plan to expand its activities in the market of synthetic rubber by offering technology license and know-how for the construction of 140 kt/y Emulsion Styrene Butadiene Rubber (ESBR) production unit at Reliance plant at Hazira in India, targeting in particular the tire market segment. The new plant is up and running and part of its production will be distributed by Versalis in China, where the automotive and tire industries are developing rapidly and represent a massive potential for rubber producers.
Versalis has been placing strong effort on its elastomers business development to keep a global leading position on the marketplace. To this purpose, a very active licencing strategy is one of the tools used to tap synergies and expand the industrial footprint in Asia. The company established two regional subsidiaries, Versalis Pacific Trading in Shanghai (China) and Versalis Pacific India in Mumbai (India), with the aim of speeding up sales of its products in Asia, interacting with local partners more easily to guarantee prompt technical and logistical assistance through its several warehouses located in Eastern China.
Offices & contacts
Exploration & Production
Eni India Limited
Eros Corporate Tower - 110019
Tel. (0091) 1146551000
Versalis Pacific (India) Private Limited
Indiabulls Finance Center Senapati Bapat Marg,
Elphinstone Road (West),
Mumbai Mumbai City MH 400013 IN