Indian companies decline to sign PSC for offshore concessions in Gulf of Suez and Red Sea

• Wednesday, 31st July 2013
• by Egypt Oil & Gas

The Petroleum Ministry has conveyed to the Ministry of External Affairs that the Indian consortium comprising Gujarat State Petroleum Corporation (GSPC), Hindustan Petroleum Corporation Limited (HPCL) and Oil India L ...

Indian GSPC Drills $52 Million Dry Hole in the Mediterranean

• Tuesday, 15th May 2012
• by Egypt Oil & Gas

Indian state-owned oil firm Gujarat State Petroleum Corporation (GSPC) has hit a dry hole in its Mediterranean Sea exploration lease after investing $52 million in the drilling operation. The operation came in the co ...

GSPC to continue Egypt explorations

• Wednesday, 18th January 2012
• by Egypt Oil & Gas

Despite a deep funds crunch, the premier state public sector undertaking (PSU), Gujarat State Petroleum Corporation (GSPC) will not be dropping its plan to continue with oil and gas exploration in Egypt.