Energy security is one of the most important concerns facing nations today. India meets a high percentage of its oil requirement through imports. The country is on a high growth curve and relies heavily on oil to power its automobiles, factories and aircraft. In the geo-political scenario, it is important to have a dominant Indian player in the O&G industry. At the same time, O&G is a dynamic and highly lucrative industry which promises high returns. Needless to say, securing fuel supply is critical to India’s growth.
The Enso Group is one of the leading Indian private sector groups to establish its presence in the upstream segment of the global oil industry. The Group’s Oil & Gas division is engaged in the exploration of crude oil and natural gas, and also to explore for, and develop, the conventional petroleum potential across the globe.
The key components of the strategy are:
•Concentrate exploration efforts in low risk, highly prospective portion of the world's most prolific producing basins, where proximity to existing fields and infrastructure will ensure that any new discoveries can be rapidly developed
•Continuous re-evaluation of the strategic direction to better adapt to any large shifts in the global energy market, by taking into account the industry environment and other influencing factors, both internal and external, as well as the rapidly changing nature of the global petroleum industry.
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