HPCL, in consortium with E&P partners companies currently has 19 nos. blocks in India, and 4 nos. overseas blocks in Oman, Australia and Egypt. HPCL intends to implement a strategy for E&P business based on opportunities both within and outside India — to reduce its dependence (and risk) from oil marketing business in India, which is a loss making operation, unless government finds the will to make a change.

Currently HP E&P has presence in 4 countries including India and plans to expand its portfolio in other countries which is a main area of focus of its Strategic Investment plan mainly in Middle East, South East Asia & Africa. Continue reading HPCL in E&P to Move Upstream And Reduce Business Risk →