Profile: Essar Oil Ltd (ESRO.NS)

Essar Oil Limited (EOL) is an India-based company. The company is engaged in exploration and production of oil and gas, refining of crude oil and marketing of petroleum products. The Refinery of the Company is located at Khambhalia Post, Gujarat. The Company’s oil fields are located at Mehsana, Gujarat and the Coal Bed Methane (CBM) fields are located in Durgapur, West Bengal. The Company has complex refinery of 20 MMTPA (million metric tons per annum) at Vadinar, Gujarat, which has a crude refining capacity of 405,000 barrels per stream-day (bpsd). The Company also has a portfolio of eight oil and gas blocks in India with about 1.7 billion barrels of oil equivalent in reserves and resources. During the fiscal year ended March 31, 2012 (fiscal 2012), the Vadinar refinery processed 25 varieties of crude, including ultra-heavy and tough crudes. The crude slate consists of Mangala crude from Rajasthan. During fiscal 2012, its refinery processed 13.5 million tons (98.41 mmbbl) of crude.