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Gujarat govt grants Mining Lease to Mercator’s MPL for exploiting oil discoveries

28 Jun 2018 Evaluate

Department of Petroleum (DoP), Government of Gujarat has granted Mining Lease to Mercator Petroleum (MPL), a Mercator Group Company for exploiting oil discoveries made by MPL. The Mining Lease has been awarded for a period of 20 years.

Earlier, the Directorate General of Hydrocarbons had approved the Field Development Plan (FDP) for over 23 million barrels of recoverable Oil in Jyoti-l and Jyoti-2 discoveries.

Mercator is one of India's largest private sector Dredging Company. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.

Mercator Share Price

0.84 0.00 (0.00%)
10-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 292.75
GE Shipping 1414.10
Dredging Corp 956.10
Seamec 1546.00
Shreeji Ship.Global 364.35
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