Gujarat State Petroleum Corporation (GSPC) is the flagship concern of the GSPC Group involved in exploration and production (E&P) of oil and gas. In the initial years, GSPC was engaged in pursuing projects in the downstream hydrocarbon sector. By the mid nineties, the company realigned its vision to explore the untapped opportunities which presented themselves with the privatisation of the hydrocarbon sector.

E & P Initiatives

The company acquired several discovered oil and gas fields in the first and second rounds of bidding initiated by the Government of India during 1994-95. This process achieved a further impetus with the announcement of the New Exploration Licensing Policy (NELP) by the Government of India in 1999. GSPC was among India’s first companies to participate in the NELP bidding process and acquire exploration blocks across the country. Today, the company has an international portfolio with exploration acreage in Australia, Egypt, Yemen and Indonesia.

To know more about us click here