Essar appoints new CEO of exploration and production

Essar Oil Ltd.

India's Essar Oil Ltd. has appointed Manish Maheshwari as CEO of exploration and production (E&P). With around 23 years of experience, Maheshwari was most recently the managing director of Hindustan Oil Exploration Co. Ltd. (HOEC).

As CEO–E&P, Maheshwari will be responsible for Essar’s entire E&P business, which includes 15 blocks and fields in various stages of exploration and production in India, Indonesia, Madagascar, Nigeria, and Vietnam. The total reserves and resources across these assets are estimated to be 2,034 million barrels of oil equivalent.

At HOEC, Maheshwari led the initiative to induct strategic partners in the company, ensuring smooth transitions of strategic shareholders, involving both major and independent international oil and gas players; executing development projects in a safe, time-efficient, and cost-effective manner; and positioning the company on a multifold increase in production. He previously served as investment manager in a Danish investment fund, where he developed strategy for investments in East European countries aligned to promoting Scandinavian companies interest. Before moving to Denmark, he spent 12 years with companies like Tata Industries Ltd. and Hindustan Unilever Ltd.

Maheshwari holds a bachelor’s degree in chemical engineering and a Master in Business Administration degree from Strathclyde University in the UK.

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