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Gujarat Natural Resources’ arm to drill three wells in current Financial Year

20 Jan 2014 Evaluate

GNRL Oil & Gas (formerly Heramec - 100% subsidiary of Gujarat Natural Resources) has undertaken a drilling campaign to drill three new development wells in the current Financial Year as per approved Work Program and Budget. GNRL Oil & Gas has obtained necessary approvals. The first of the three planned wells is spuded on December, 25 2013 in Dholasan field. The current drilling campaign will include drilling of two wells in Dholasan and one well in Kanawara field. 

GNRL Oil & Gas has hired a 1000 HP rig. Other technical/engineering services have been hired through international competitive bidding process from reputed players in the industry. GNRL Oil & Gas holds 30% participating interest and is the Operator for Dholasan and Kanawara fields where the new wells are to be drilled. Gujarat State Petroleum Corporation (GSPC) holds balance 70% participating interest in these fields.

The Company was named as Gujarat Natural Resources from Lesha Energy Resources which was incorporated on August 23, 1991 as Lesha Steels under the Companies Act, 1956 in the state of Gujarat. The company set up a unit to manufacture different grades of low carbon alloy steels.  The company has obtained the certificate of commencement of business on June 24, 1992 from the office of the Registrar of Companies, Gujarat. The company is promoted by A C Shah, a technocrat and entrepreneur who has a rich experience in industry, business & finance and Dipak C Shah, a businessman engaged in trading and consultancy business.

Guj. Natural Resourc Share Price

99.88 -3.40 (-3.29%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 279.25
Oil India 454.40
Jindal Drilling&Inds 535.85
Deep Industries 457.70
Asian Energy Service 297.85
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