Mercator 's subsidiary - Mercator Petroleum in consortium with Oil India(OIL), and Oilmax Energy, has been chosen as the selected candidate by the Ministry of Energy (MOE) of the Republic of the Union of Myanmar, for two shallow water offshore oil blocks, in the Myanmar Offshore Block Bidding Round - 2013. The Consortium will enter into Production Sharing Contract for these blocks with Ministry of Energy of the Republic of the Union of Myanmar.
Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.
