The 5-year analysis of Deep Energy Resources Ltd's performance infers:
We analysed the performance of Deep Energy Resources Ltd share prices over the last 10 years. Here is what we found out:
Deep Industries Limited (DIL), established in the year 1991 with headquarters in Ahmedabad, Gujarat, primarily caters to ever increasing demand for Oil and Gas Field Services requirements. Deep Industries is the largest company in India in private sector, operating maximum no. of Compressors, having more than 20 Gas & Air Compressors in stock.
DIL is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas
DIL is well diversified Oil & Gas Company with business interest in Air and Gas compression, Drilling, Work over and Oil & Gas Exploration and Production.Deep Industries Limited is a pioneer in the service sector of oil and gas fields, mainly in Gas compression services. They also provide work-over, Drilling Rig and allied services. The Company was formed primarily for providing valued, dedicated and professional services to the oil & Gas client in India.
After 16 years of featured services to the esteemed clients, namely Oil & Natural Gas Corporation Limited (ONGCL), Assam Gas, and the private operators like L&T, Niko-GSPCL, HOEC, Selan Explorations etc to their utmost satisfaction. Deep Industries Ltd is focusing towards expanding its operations to United States of America (USA), Asian countries and the southern part of India for providing services as an outsourcing service provider to Oil & Gas Industry.
DIL has been awarded two Coalbed Methane (CBM) blocks by Government of India in the CBM III round. DIL has also been awarded service contract for the development of three onshore marginal fields at Ghotaru, Bankia and Kharatar in Jaisalmer district of Rajasthan.
Deep Industries Limited (DIL) along with its consortium members has been awarded CBM blocks under the third round of Coalbed Methane Exploration policy. Subsequently DIL signed a production sharing contract with GOI for exploration of Coalbed Methane for a period of 34.5 years. The current project deals with exploration of Methane gas entrapped within the coal seams. In case of encouraging results of exploration, development of the block for the purpose of production of Methane gas is also envisaged.Deep Industries Limited (DIL) has been awarded service contract for the development of three onshore marginal fields by ONGC.Marginal Fields are located at Ghotaru, Bankia and Kharatar in Jaisalmer district of Rajasthan.
The company is executing contract compression on turnkey basis, which includes supply of Equipment, Commissioning, Operation & Maintenance of Gas Engine driven compressor package. It has joined hands with reputed and experienced companies like Valerus Compression Services, Houston Texas, Hanover Company USA for supply of gas compressor packages in India and have technical back up for varied services of Oil & Gas sector.
Deep Industries Limited acquires another milestone by Signing MOU for Technical Collaboration with Abu Dhabi General Maintenance and Petroleum Services Company ( ADMASCO ) for Drilling Rigs up to 2000HP on 10 January 2008.
The company is prepared to undertake significant growth and succeed to achieve through focusing on specialized activities and offering a broad spectrum of skills to serve a wide clientele base for Oil and Gas Exploration, Engineering, Servicing, Transportation, Natural Gas Compression, work over and drilling and other allied services furnishing entire range of activities from conceptualization to completion as required by Oil, Gas and Petrochemical Industries. The company endeavor to achieve a high-quality reputation and excel in all its undertakings by implementing the strategies.
The company has executed many jobs of contract compression. Its ongoing projects include:
Deep Energy, LLC, a subsidiary of Deep Industries Limited is an Oil and Gas Operator, Exploration and Production company in the state of Okhlahama, USA. It currently operates at Earlsboro Field .
Member of International Association of Drilling Contractors (IADC) in good standing and pursuing highly accredited ISO 9001-2000 Quality Management System.