Products/Service

Oil exploration

Clientele Type

Government

Premises

office in Mumbai and Gujarat

Asking Price Includes

equity partnership

Reason

requiring to raise fund for equity

Other Details

This oil and natural gas exploration business was incorporated on 2008.
Company has bagged government tender for oil exploration in Gujarat 2012 which was approved in 2018.
The company was formed to diverse into Oil & Gas E & P (Exploration & Production) Activity in India through NELP and other countries in which similar activities are permitted. The company is looking for JV partner for 26 % stake at USD 160 million.
Finance of USD 250 million repayable over a period of 10 years with 3 years moratorium.

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