About GNRL
About Us
Gujarat Natural Resources Limited (GNRL)
Gujarat Natural Resources Limited (GNRL) is an Indian Company with primary focus in upstream oil & gas sector in India. GNRL is a public limited company having its equity shares being actively traded on Bombay Stock Exchange. GNRL, through its step-down subsidiary GNRL Oil & Gas Limited (formerly Heramec Limited), has participating interests in 6 producing blocks in Cambay basin. GNRL Oil & Gas Limited is also operator in five of these blocks.
- Gujarat Natural Resources Limited (GNRL) is an Indian Company with primary focus in upstream oil & gas sector in India. GNRL is a public limited company having its equity shares being actively traded on Bombay Stock Exchange.
- GNRL is established by a team of young and dynamic entrepreneurs who have successfully structured the company for addressing the opportunities in the field of upstream Oil & Gas sector.
- GNRL acquired GNRL Oil and Gas Limited (Formerly Heramec Limited through its acquisition of GNRL Oil and Gas India Pvt Ltd (earlier known as Sigma Oil and Gas Pvt Ltd (SOGPL) in June 2009.
- GNRL, through its step-down subsidiary GNRL Oil & Gas Limited, has participating interests in 6 producing blocks in Cambay basin. GNRL Oil & Gas Limited is also operator in five of these blocks.
Strategy
- Evaluate and acquire assets with stranded resources.
- To unlock value through application of advance technologies
- Look for strategic technical partners/institutions with proven credentials in developing unconventional resources.
- To access proven producing/non-producing asset through international/domestic bidding process or through mergers/acquisitions.
- To enhance value through efficient operations by greater reliance on local high caliber professionals and local services whilst maintaining international standards.
Mission
- To get established as a leading player in upstream oil & gas asset developer and producer through implementation of efficient operations and advance technologies.
Mission
- To get established as a leading player in upstream oil & gas asset developer and producer through implementation of efficient operations and advance technologies.
Strategy
- Evaluate and acquire assets with stranded resources.
- To unlock value through application of advance technologies
- Look for strategic technical partners/institutions with proven credentials in developing unconventional resources.
- To access proven producing/non-producing asset through international/domestic bidding process or through mergers/acquisitions.
- To enhance value through efficient operations by greater reliance on local high caliber professionals and local services whilst maintaining international standards.
Aspirations
Company Goals
Specific
- Our specific goal is to reduce the environmental impact of our operations by implementing sustainable practices, reducing greenhouse gas emissions, and minimizing waste generation.
Measurable
- Our measurable goal is to increase the efficiency of our drilling operations by reducing the drilling time and optimizing our well construction designs.
Achievable
- Our achievable goal is to reduce our carbon footprint by investing in renewable energy sources and implementing energy-efficient technologies in our operations.
Relevant
- Our relevant goal is to improve our reputation by implementing a robust corporate social responsibility program that focuses on environmental protection, community engagement, and stakeholder communication.
Timebound
- Our time-bound goal is to reduce our environmental impact by implementing a comprehensive environmental management system that ensures compliance with all relevant regulations and promotes sustainable practices.
Our History
Milestones
2001-2003
- PSCs signed in the year 2001 for 6 small development fields in Cambay basin.
- Received ML in 2003 (effective date)
- Tenure of the contract is for 25 years from the effective date
2006-2007
- Drilled 2 appraisal wells in Kanawara field Carried out HF and other stimulation jobs
2008-2009
- Drilled 7 development & exploratory-cum-development wells
- Hydrocarbon Reserves & Resource Estimated & Audited by Gaffney cline associates
2009-2010
- GNRL acquired Heramec Ltd (renamed as GNRL Oil & Gas Limited)
2013-2014
- Drilled 3 vertical wells
- Kanawara field: 1 well
- Dholasan field: 2 wells
2015-2021
- Field development plan (FDP) of Kanawara field approved by DGH.
- Implemented EOR technologies like Thermo-chemical methods in Allora, Dholasan and Kanawara fields
- Acquired Stake of GSPC in 4 fields by exercising ROFOR
2022-2023
- Reservoir monitoring for optimal reservoir recovery based on cased hole formation re-evaluation with Pulsar & Sonic Scanner logs
- Access the upside HC potential like bypassed oil/low resistivity pays within inventory of existing wells, which can not be identified by conventional logs
- Commenced 1st Phase of development in November 2022.