GSPC Group

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Gujarat State Petroleum Corporation (GSPC) is the chief of its related group that holds eight other huge companies. It is the key ship that sails through and commands the fleet of ships, holding the flag strong and high, wading through deep waters towards success.

As a leading oil and gas exploration, development and Production Company in India, GSPC GROUP is also one of the largest gas trading companies in the country. With a significant presence in the gas transmission and gas distribution business, GSPC's activities are also both onshore and offshore in India and overseas. The Government of Gujarat along with its public sector undertakings holds more than 97% of equity of Gujarat State Petroleum Company GROUP as on 31st March 2010.

Currently developing production for commercial domains, GSPC Group's principal and most crucial asset is Deen Dayal field in the Krishna-Godavari basin. Located off the east coast of the state of Andhra Pradesh, India, it is a significant gas reserve. The west part of the Deen Dayal Reserves (DDW) is being explored for commercial production. GSPC is the primary operator of the offshore KG-OSN-2001/3 block (the KG Block) which includes the Deen Dayal field. GSPC hold an 80.0% working interest in this block specifically.

The working blocks of GSPC are spread around the world. Apart from holding working interests in 15 producing fields in the Cambay basin, GSPC also holds working interests in 64 onshore and offshore explorations and production blocks. 53 of these blocks are located in India and the other 11 comprise of reserves in locations like Australia, Egypt, Indonesia and Yemen.

GSPC conducts all its exploration, development and production activities through unincorporated joint ventures with other domestic oil and gas companies and foreign partners and PSCs and PSAs.

GSPC operate the largest gas transmission and distribution network in the state of Gujarat. GSPC work through its subsidiaries and associates to supply gas services across the state. Gujarat State Petronet Limited (GSPL) is a gas transmission company working on a common carrier basis. GSPS Gas and Sabarmati Gas are two entities engaged in City Gas distribution and related pipeline infrastructure and Piped Natural Gas services. Both the bodies have developed their Pipeline Infrastructure and supplying services of PNG to domestic customers, commercial and non commercial sectors as well as industrial domains.

GSPC also trades in Liquefied Natural Gas (LNG) and cater to industries engaged in power generation, steel and city gas distribution among several other domains.

Apart from the above mentioned activities, GSPC is also active in several other areas through its various initiatives. Under its wholly owned subsidiary, GSPC LNG Limited, GSPC is developing an LNG terminal at Mundra in Gujarat. GSPC's associate company Gujarat State Energy Generation Limited also owns and operates a gas based power plane at Hazira in Gujarat. GSPC Pipavav Power Company Limited (GPPC), one of GSPC's subsidiaries is setting up a gas fired combined with cycle power plant at Pipavav in Gujarat. Another set up of GSPC Group is a wind farm in Jakhau in Gujarat.

Exploration & Production Initiatives

The GSPC Group acquired several oil and gas fields in the first and second rounds of bidding that were initiated by the Government of India during 1994-95. This process achieved further momentum towards newer directions with the announcement of the New Exploration Licensing Policy (NELP) by the Government of India in 1999. GSPC, one among the first companies to participate in the NELP bidding process has acquired exploration blocks across the country. The company also holds large exploration areas across international boundaries in Egypt, Yemen, Indonesia and Australia.

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