Stages of Foundation
Imperial Energy Group has started its operations in the territory of the Russian Federation since October 18th, 2004. The Group was founded by Russian and foreign investors as an independent middle size oil producer.
Imperial Energy is a company of international level. In 2004 Imperial Energy listed its shares on London’s AIM exchange, then moved to the main LSE market in May 2007 and became a constituent of the FTSE 250 Index.
In 2004-2007 Imperial Energy purchased the licenses for the undeveloped and poorly developed blocks in Tomsk region and Qostanay (Kazakhstan), and proceeded to vast program of exploration works on them, which has led to 7 new fields discoveries in Tomsk region.
In 2006, Imperial Energy established its own drilling company, RUS IMPERIAL GROUP (RIG), which now operates three heavy duty drilling rigs, three workover rigs and a coiled tubing unit. Shortly after, Imperial Energy also purchased 50% of charter capital of Imperial FracService (IFS) that provides hydraulic fracture services to improve production in its fields and service to the third parties.
The company was acquired by ONGC Videsh Limited (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), the flagship National Oil Company of India on January 13th, 2009. On March 9, 2009 Imperial was delisted from LSE.
Since 2007 Imperial Energy has constructed 366 km of pipeline infrastructure connecting its fields to the Transneft pipeline system. The completion of pipelines enabled the Company to transport its oil to both domestic and export markets.
ONGC и ONGC Videsh Ltd. (OVL)
Imperial Energy’s parent company - ONGC Videsh Ltd. (OVL) is a subsidiary of the largest oil and gas corporation ONGC.
Oil and Natural Gas Corporation Limited (ONGC) is the largest Indian state oil and gas corporation. The company was incorporated by the Indian Government on August 14, 1956. The Indian Government holds 69.17% equity stake in the Company.
ONGC contributes 77% of India’s crude oil production and 81% of India’s natural gas production; it is involved in exploration and development of the fields in 26 sedimentary basins of India; it owns and operates more than 11000 km of pipelines in India.
Presently, it is one of the largest oil and gas companies not only in India, but in the world. As per Platts 250 Global Energy Company List for 2012 ONGC ranked 3rd E&P Company in the world and 22nd among leading global energy majors. As per Forbes Global 2002 list 2010 ONGC occupied 155th rank among the leading world companies. Finance Asia 100 list ranks ONGC No.1 among Indian Blue Chips.
The Company operates in the foreign market through its subsidiary ONGC Videsh Limited (OVL).
Presently, OVL international investments comprise 15 billion USD, and its gross revenue composes 4.5 billion USD.
OVL is currently engaged in 30 oil and gas projects spread across 15 countries of the world: Brazil, Columbia, Cuba, South Sudan, Sudan, Kazakhstan, Iran, Iraq, Libya, Myanmar, Nigeria, Syria, Venezuela, Vietnam and Russia. In 2001 OVL had acquired 20% share of the Russia’s Sakhalin-1 project. OVL is engaged in development and commercial production in Sakhalin together with the largest worldwide oil and gas companies - Exxon Mobil, Rosneft, Japanese company SODECO. OVL today operates in different regions of the world in partnership with the world-wide leaders in the industry: British Petroleum, CNPC, Ecopetrol, ENI, Exxon, Norsk Hydro, PDVSA, Petrobras, Petronas, Petrovietnam, Repsol, Rosneft, Shell, Sinopec, Total and TPOC.