Background

Every cloud has a silver lining and every adversity hides an opportunity. GAIL's Exploration And Production (E&P) unit was born in just such a scenario.

As the Indian Economy opened up around the year 2000, the business environment changed dramatically. For GAIL, liberalisation meant competition in our core business i.e.midstream and downstream national gas distribution  No longer could we rely on statutory support mandating secured sources of Natural Gas for GAIL. The reserves contained in existing contracted fields were fast depleting. The writing was on the wall that  we had to find new sources.

Apart from securing sources for Natural Gas, there were other compelling reasons for GAIL to get into E&P:

• Integration in supply-chain
• Large gap in Gas demand and supply
• National Gas security
• Balancing of Business portfolio
• Global opportunity

August 2001, therefore, saw the launch of GAIL's Exploration & Production (E&P) unit. Initially, NELP rounds were targeted, and we won 12 blocks under four NELP rounds. GAIL also clinched a chunk of the much sought after A-1 block in Myanmar, in its maiden international E&P venture.

The year 2004 placed GAIL firmly on India's E&P map, with the dual strike of gas in Myanmar and oil in Cambay. We are also acquiring international acreages and actively pursuing various international E&P opportunities.

We know that the future will be demanding. And we are ready to embrace it, acquiring the suitable technological equipment and expertise, and enhancing our manpower strength.

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