Gujarat State Petroleum Corporation

Gujarat State Petroleum Corporation

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Gujarat State Petroleum Corporation

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Description:
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.

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 Basin. 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.

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...
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