Historically, the company focused on South Asia where it created significant value for stakeholders particularly through its discovery, development and production of first oil in Rajasthan, India. From a barren desert landscape, we discovered more than one billion barrels of oil which continues to generate significant revenues for the country with more than US$20 billion to the state and national Governments.
The Rajasthan fields lie in the heart of the Thar desert in the Barmer district in northwest India.
In 1999, we made the first Rajasthan discovery (the Guda field) and in 2004 discovered the Mangala field. The Mangala field was the largest onshore discovery in India for more than 25 years with the potential to provide more than 30% of India’s daily crude oil production.
Wherever we operate our aim is to discover, develop and deliver value in our assets and people for the benefit of all our stakeholders.
In India, we aimed to make a positive impact by working with the local communities to improve infrastructure, health, education and trading prospects primarily through a rural development programme.
Training more than 3,000 people in business skills as part of The Enterprise Centre which we helped to fund along with the IFC, the investment arm of the World Bank
Supporting traditional dairy activities through a rural dairy development project which led to more than 900 dairy farmers registering in different co-operatives
Setting up a mobile health van initiative to serve remote communities of Rajasthan which would otherwise have little or no access to healthcare services. The initiative has provided diagnostic and preventative healthcare services to more than 8,500 people
Establishing a rainwater harvesting project which has the capacity to store more than 10m litres of drinking water
Together with its joint venture partners, the company invested ~US$6bn in projects that have benefitted the nation and local communities.