essar oil - company update - aceanalyser meet/100134_20080131.pdf · confidential 2 disclaimer all...
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Essar Oil – Company UpdateJanuary 2008
Strictly Private & Confidential
Confidential
2
Disclaimer
All information and material in this presentation is provided by Essar Oil Limited (“Company”) on an "as is" basis. No information contained herein has been verified for truthfulness completeness, accuracy, reliability or otherwise whatsoever by anyone. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation or its contents or otherwise arising in connection therewith.
This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner.
This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of Essar Oil Limited (the “Company”) and no part or all of it shall form the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This presentation is not a complete description of the Company. Certain statements in the presentation contain words or phrases that are forward looking statements based on currently held views and assumptions of management which are expressed in good faith. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results, financial conditions, performance or achievements of the Company/Industry to differ materially from those contemplated / implied by the relevant forward looking statement. No opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection and hence, all concerned are cautioned not to place undue reliance on these statements. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.
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Table of Contents
Management Team
Marketing and Distribution Business
Exploration and Production Business
Refining Opportunity: Delivering Value
Refining Business Overview
Essar Group Overview
Essar Group Overview
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Essar: Amongst the Leading Indian Business Houses
Essar Global Limited
Essar Shipping & Logistics Limited
Essar Steel Holdings Limited
Essar Energy Holdings Limited
Essar Communications Holdings Limited
EssarPower Holdings
LimitedEssar
Projects Limited
Essar Steel
4.6 MTPA IntegratedSteel Plant (‘ISP’)
Essar Steel - Hazira
4 MTPA ISP *
Essar Steel Orissa
6 MTPA Pellet Plant*
Algoma Steel, Canada
4.0 MTPA ISP
Minnesota Steel, US•6 MTPA Pellet Plant*•1.4 biliion tonnes Iron Ore Reserves
P T Essar Indonesia0.4 MTPA cold rolling Complex
Essar Steelhypermart
Essar Oil
Refining
Refinery Complex - 10.5 MMTPA
Expanding capacity to 34 MMTPA
Oil Retail Marketing
1,274 Retail Outlets
Exploration & Production Blocks:
▪ Ratna, India ▪ Mehsana, India▪ Raniganj, India▪ Assam▪ Madagascar (1)
▪ Nigeria (1)
Vodafone Essar
40 million subscribers
Telecom Tower & Infrastructure
3,500 towers
Essar Telecom Retail
Chain of over 450 retail outlets
Aegis - BPO
Amongst the largest BPO’s in India, with 9 centers in India and 9 centers in USA
BPL Mobile
1 Million subscribers
Kenyan Mobile License
Essar Shipping
Fleet of 25 vessels, DWT of 1.31 mn
Vadinar OilTerminal
Terminal facility of 33 MMTPA – Liquid Cargo being expanded to 96 MMTPA
Essar Oilfields A drilling company with 13 rigs
Essar Logistics
Owns and operates transshipment assets
Essar Bulk Terminal
Dry bulk port facilities
Essar Power / Bhander Power Existing
1015 MW combined cycle
ExpansionEssar Power (MP) Limited – 1200 MW Essar Power (Gujarat) Limited – 1200 MW Essar Power Jharkhand Limited –1200 MW
Vadinar Power (2)
• Power Generation Capacity of 77MW being expanded to 457MW
• Steam capacity of 230TPH being expanded to 2580TPH
Essar Construction
▪ Engineering▪ Fabrication▪ Construction
Fully geared to execute turnkey EPC jobs in India and Overseas
Global Supplies (UAE)FZE Global procurement company
(1)Subject to neccessary approvals for transfer(2) In the process of owning a majority stake of upto 74%* Projects under implementation
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Rapid Growth in Core Sectors, built on Firm Foundation
• Expanded capacity to 8.6 MTPA in India and Canada with over US$ 5.4bn investment
• Further expansion of 6.5 MTPA with a US$ 4.9bn investment planned
2nd Largest domestic private player
Steel
Amongst the Largest domestic private playerConstruction
• Unique expertise in industrial projects across core sector • Executed EPC projects worth over US$ 12.5 bn
Essar Group has grown to become amongst the top five diversified corporate houses in India with assets of over US$ 15 bn and revenues in excess of US$ 8 bn
Telecom
• ~33% stake in Vodafone Essar - Over 40 million subscribers• 3,500 telecom towers and 450 telecom retail stores
• Set up 10.5 MMTPA refinery• Expanding to one of the largest refineries globally - further promoter
commitment of US$ 2 bnEnergy
2nd Largest domestic private player
3nd Largest telecom operator
• Set up power capacity of over 1,000 MW • Expanding to 4,000 MW by 2010 with investment of US$ 3.5 bn to gain pan
India presencePower
First private Independent Power Plant in India
2nd Largest domestic private player
• Built one of the world’s leading integrated sea logistics companies• Shipping, port, oil-field services, terminals• Liquid / solid cargo capacity to expand from 50 MTPA to 130 MTPAShipping
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With A Long-Term Growth Vision For The Energy Sector
Vision to be a fully integrated energy group with global footprint
Setup Indian retail network Setup Indian retail network of 5,000 outlets and of 5,000 outlets and establish footprint in establish footprint in
important export marketsimportant export markets
Crude Oil Crude Oil -- 30% of 30% of refining capacity refining capacity
Gas Gas –– 100% of group feed 100% of group feed stock requirementstock requirement
Target refining capacity Target refining capacity ––1 million bpd with state of 1 million bpd with state of
the art technologythe art technology
Significant Presence throughout hydrocarbon
value-chain
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Becoming An Integrated Energy Company
Aiming to become an integrated company with global footprint through organic and inorganic growth* Subject to neccessary approvals for transfer
Note: Reserves as per RPS Scott Pickford estimates
● Expansion to 34 MMTPA at an estimated project cost of US$6 billion expected to be completed by December 2010
● Significant group synergies, including captive infrastructure –captive EPC, port & terminal facility and power plant
● 16 supply points spread across India
– 7 terminals and 9 depots● Well positioned to capture
petroleum retail growth opportunity
Refining Marketing
● Existing 10.5 MMTPA refinery● Expansion to 34.0 MMTPA
● Develop & Maintain well spread out distribution network
● Presently 1,274 retail outlets
● 50% interest in Ratna and R-Series blocks in India (Gross 2P reserves of 146.85 mmbbl of oil and 89.40 Bcf of gas)
● 70% interest in CB-ON/3 development block in Mehsana, India (Gross 2P reserves of 2.71 mmbbl of oil and 1.58bcf of gas)
● Significant potential from other exploration portfolio
Exploration
Domestic● Ratna● Mehsana● Raniganj● Assam
International*● Madagascar● Nigeria
Essar Oil: Refining Business Overview
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Strategically Located World Class Refinery
● Recently commissioned 10.5 MMTPA capacity refinery at Vadinar, Gujarat (in November 2006)● Designed as a cracking refinery utilising FCC as major conversion technology with complexity of 6.1● Location advantage at Vadinar, Gujarat● Internationally acclaimed technology from process licensors (ABB, Axens, Shaw Stone & Webster, Stork Comprimo, Merichem etc) ● Currently capable of producing Euro II/III Products, processed about 45 million barrels of crude ● Significant tax benefits ● Home market demand (PSU and private refiners) could provide strong market for our products
Refinery is up and running with key captive infrastructure in place
Operational Highlights
Euro II / III Markets Globally
Suppliers
Customers
Vadinar
Domestic Demand
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End to End Infrastructure in Place with Ability to Ramp Up Capacity
SBM COT
7 km
VBU Treaters NHT / CCR ARU/ SRUFCCU
18 km
Water Intake
Dispatch Area
Rail GantryTruck Gantry Product Jetty
Administration
DHDS
Captive Power Plant
22 km
Existing Infrastructure to reduce expansion cost
CDU / VDU
Main Refinery
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Vadinar Oil Terminal Limited
Township
SBM Port Handling Tank Farms
Refinery
Essar Construction
Vadinar Power Plant
Essar Steel
Essar Shipping
..And Ability to Leverage Synergies with Group Companies
Refining Opportunity: Delivering Value
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Refinery Details
Upto Euro V / US SpecsUpto Euro IIIProduct Grades
2.0%
35.5
BaseRefinery
2.97%Sulphur %, Avg.
24.8API (Density), Avg.
Total Capacity post Expansion
Particulars
Designed to handle high acidity crudes upto 2 TAN
Ramping up Capacity to 34 MMTPA with Complexity of 12.8
12.8 Complexity, 34.0 MMTPA
6.1 Complexity, 10.5 MMTPA
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Euro V90%
Euro IV10%
Euro V61%
Euro II11%Euro IV
28%
..With Capability to Produce 16 MMTPA Euro V Products
6.6
11.3 11.2
7.2 5.3
5.43.42.9
7.66.0
8.1
28.2
5.0
31.235.9
24.7
● Largest producer of EURO V MS & HSD from a single refinery location● Euro V grade maximised at 90% in MS pool● Euro V grade maximised at 61% in HSD pool ● Lighter products provide flexibility for potential petrochemical expansion
10.5 MMTPA * 34 MMTPA
Diesel: 12.2 MMTPA
Gasoline: 9.6 MMTPA
Gasoline
Diesel
Aviation Turbine
Fuel & Loss Residue
Others
Kerosene
Note: Products as % of total
** Expected and could change from time to time depending on market dynamics
PropyleneLPG
Fuel Oil Pet Coke
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…and Leverage Light Heavy Differential
● Since January 2007 the monthly average differential between Bonny Light and Maya has been between $13.47/bbl and $18.08/bbl
● Light heavy differential expected to remain high
Ability to Process Wide Range of Crudes
Light / Sweet30%
Medium / Sour 40%
Tough10% Heavy Sour
20%
Tough75%
Light / Sweet
0%
Medium / Sour15%
Heavy Sour10%
Leverage Processing
34
10.5
Crude Processing Capacity (MMTPA)
35.5
24.8
API (Av.)
And Leverage Light Heavy Differential
Source – Bloomberg
40
50
60
70
80
90
100
Jan-06 Apr-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07
Valu
e - $
/bbl
Bonny Light Arab Light Arab Heavy Maya
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Expansion Scheduled to Come On-stream in 2010
● The upgradation of existing assets would add to interim cash-flows until 2010● Procurement of Long Lead items to be complete by Q2 2008
Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Refinery Expansion10.5 to 34 MMTPA
Basic Engineering
Detailed Engineering
Procurement of Long lead Items
Delivery of Equipment/ Material
Construction/ Erection
Mechanical completion
Oil in
2007 2008 2009 2010
UOP Mandated Development Train I Optimization
Train II Expansion
● Maximize Euro V product slate
● Heavy, sour acidic crude acidity processing
● Petchem integration
● UOP developed LP model and carried 300 LP runs
● Final configuration for Train I and II
● 10.5 MMTPA to 16.0 MMPTA
● Revamps, modification and addition of new process units
● 18 MMTPA capacity configured
● Mostly Repeat units● Integration with Train I
Project is On Track to Create the Refinery
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On Track with Support from World Class Partners
● Essar Oil Limited’s PMC subcontracts EPC work
Basic Engineering
Detailed Engineering Procurement Construction
● Overall Basic Engineering completion status – 90% - Balance by 1Q ’08
● LLI Datasheets generated on high priority kick start procurement
● Completed Basic Engineering for all units for Trains I & II except five units
● Overall Detailed Engineering Completion Status – 20% - Balance by 1Q09.
● Overall Plot Plan Layout frozen & Unit wise layout of most process units, utilities & infrastructure facilities completed – fronts and drawings released to commence civil work
● 40% of enquiries for the equipment and bulk materials already floated
● All LLIs to be ordered by 2Q’08.
● 75% of Balance Equipment/Materials to be also ordered by 2 Q’08
● Site already mobilised with base refinery contractors, equipment & workers
● Civil work for expansion has commenced
Leverage existing vendor relations for rapid execution of expansion
Key Contracts
Engineering
Construction
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Current financing structure provides adequate flexibility for future requirements and growth capital
Planned to be Financed through a D/E of 1.3:1.0
Key Highlights
● GDS infusion of US$ 2bn by promoters in two tranches● Base refinery to be virtually debt free post GDS● Fresh debt of upto US$ 5.3 billion to be raised through ECB and INR Loans
Estimated Project Cost for ExpansionCost Head US$ milllion (%)
Land & Buildings 50 1%
Plant & Machinery 4,614 77%Project Management & Engineering Fees 246 4%
Preliminary & Preoperative Expenses 105 2%
Financing Cost 656 11%
Contingency 329 5%
Total Project Cost 6,000 100.00
2630
797
1037
0 500 1000 1500 2000 2500 3000
10.5 MMTPA
18.0 MMTPA
34.0 MMTPA
Cost (USD/bpd/complexity)
Low Cost of Capital
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Refinery Business: Set to Deliver Strong Value
Strategic Location, Proximity to Materials, Access to End
Markets
Strategic Location, Proximity Strategic Location, Proximity to Materials, Access to End to Materials, Access to End
MarketsMarkets
One of the Largest Single Location Refineries Globally –Economies of Scale Benefits
One of the Largest Single One of the Largest Single Location Refineries Globally Location Refineries Globally ––Economies of Scale BenefitsEconomies of Scale Benefits
High Complexity, Cost Competitiveness,
Product Flexibility and High GRM Potential
High Complexity, Cost High Complexity, Cost Competitiveness, Competitiveness,
Product Flexibility and High Product Flexibility and High GRM Potential GRM Potential
Refining Industry Outlook Remains Strong
Refining Industry Outlook Refining Industry Outlook Remains Strong Remains Strong
India Emerging as a Global Refining Hub
India Emerging as a Global India Emerging as a Global Refining HubRefining Hub
Leverage Existing Project Execution Capabilities and
Infrastructure
Leverage Existing Project Leverage Existing Project Execution Capabilities and Execution Capabilities and
InfrastructureInfrastructure
Building an Environmental Friendly “Green Merchant Refinery”
Exploration and Production Business
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E&P Assets
Madagascar *● 3 exploration blocks (100%
interest)
Nigeria *● 63% interest in OPL 226
exploration block
Ratna● 50% joint operators interest
in Ratna & R series blocks ● Estimated working interest
reserves of 41.14mmbbl of oil and 26.72 bcf of gas (1P) and 73.43 mmbbl of oil and 44.70 bcf of gas (2P)
Develop: CB-ON/3● 70% operatorship interest
in Mehsana ● Estimated working interest
reserves of 0.60 mmbbl of oil & 0.61bcf of gas(1P) and 1.90mmbbl of oil & 1.11bcf of gas (2P)
Assam● 2 exploration blocks (100%
interest)
West Bengal● 100% interest in RG(East)-
CBM-2001/1 block in Durgapur, WB
Strong E&P footprint with plans to bid for more blocks in the next NELP round
Note: Reserves as per RPS Scott Pickford estimates
* Subject to transfer to EOL
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● Essar - 50%, ONGC - 40%, Premier Oil - 10% with Joint operatorship
Ratna & R-Series Development Fields
2P certifiedBlock to reach 2P
44.70 bcf- Natural Gas (2P)
73.43 mmbbls- Crude Oil (2P)
~ 80.88 mmboeEstimated Working Interest Reserves (2P)
● New wells, reactivation of old wells, refurbishment of infrastructure and construction of new pipeline
Note: Ratna block development Subject to neccessary approvalsReserves as per RPS Scott Pickford estimates
Participating Interest
Location
Area
Work Done
Petroleum System
Development Plan
● 90 km South West of Mumbai in petroliferous regions of Bombay High, Bassein, Heera and Neelam fields
● Aerial extent of ~ 1,000 Sq Km with 45-50 meters water depth
● 38 exploration and 10 development wells drilled previously. Nearby discoveries in Panna, Mukta, Heera and Neelam
● Crude Quality 35 - 39° API
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CB-ON/3 – Mehsana – Development Field
● Essar – 100% (70%) with ONGC – 30% (back-in rights on discovery)
● Exploratory drilling in progress in Prospect G
Participating Interest
Location
Area
Work Done
Petroleum System
Development Plan
● Petroliferous Cambay basin of Gujarat, India having a string of discoveries
● Original area of 574 Sq Km
● 180 Sq Km of 3D seismic has been acquired, 1,300 Lkm of 2D reprocessed and 8 wells drilled● 5 prospects identified and discoveries in 3 prospects - Prospect B, Prospect A and Prospect F
● Crude quality: Varying between 12° API to 35° API
2P certifiedProspect to reach 2P
Prospect BProduction Profile
Q1 FY 2007-08Commercial Production
1.11 bcf- Natural Gas (2P)
1.90 mmbbl- Crude Oil (2P)
2.09 mmboeEstimated Working Interest Reserves (2P)
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Block OPL 226 – Nigeria
● 63% interest in OPL 226 exploration block
● Work commitments include G&G studies, 3D seismic and drilling of wells
Participating Interest
Location
Petroleum System
Development Plan
● Nigeria
● Crude quality: around 35° API
2No. of Platforms
8Appraisal/Prod. wells (nos.)
3Exploratory wells (nos.)
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Raniganj CBM Block
● Essar -100%
● Drilling of horizontal multilateral test wells for establishing the test flow potential of Raniganj Coal seams likely to begin in the 2nd quarter of CY2008
Participating Interest
Location
Area
Work Done
Development Plan
● Coaliferous belt of the Eastern Raniganj Coalfields, West Bengal
● 500 Sq Km
● Exploration Phase I commenced 29th March 2005 and voluminous data on coal has been generated since
850 btuCalorific Value
90No. of Multilateral wells
DURGAPUR
Marketing and Distribution Business
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0
2
4
6
8
10
Canad
aUSA
Saudi
Arabia
Austra
lia
Russia
France
South
Korea
German
y
Japa
nU.K
.
Spain Ita
ly
Ukraine
South
Africa
Iran
Mexico
China
Brazil
Indon
esia
India
Worl
d
India: Amongst the world’s fastest growing energy consumers
Per Capita Consumption of Energy (kgoe)In per-capita consumption India ranks 20th
Source: IEA
Petroleum Products Demand
Source: Government of India and Crisil
0
20
40
60
80
100
120
140
160
1997
-9819
98-99
1999
-0020
00-01
2001
-0220
02-03
2003
-0420
04-05
2005
-0620
06-07
E20
07-08
E20
08-09
E20
09-10
E20
10-11
E
(Mto
n)
LPG Gasoline Naphtha Kerosene Diesel Fuel Oil Others
Petroleum Demand Supply trends
Source: Government of India and CrisilRefining Capacity excluding committed exports
Source: Government of India and EOL estimate.
Demand & Supply of OilConstrained supply builds pressure on additional capacity...
30 30 40
80
120
70
120
170190
360
0
50
100
150
200
250
300
350
400
1990-00 2001-02 2006-07E 2011-12E 2024-25E
(mill
ion
tons
)
Production+Oil Equity Demand
50
70
90
110
130
150
170
190
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
milli
on to
nnes
pa
Consumpion Refining Capacity
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29 Designed to optimize profits as well as balance short and long term objectives
Oil Distribution and Marketing
Own Supply Points spread all across India
16 supply points - 7 terminals and 9 depots 73
8
19
30
2
1
2
187
53
30
69
35
44
163
1103
3
33
53
93
1
59
1
175
8
37
1
First private company in India to enter petro-retailing sector (2003) through a franchisee model
Existing platform can be rapidly ramped up after emergence of favorable regulatory policy
Presence across India with 1,274 retail Outlets
Existing government subsidies for transportation fuelsunfavorable for development of retail marketing
Focus on exports / OMC & bulk domestic sales in prevailing pricing regime
MoU with some Oil Companies for product offtakeand infrastructure sharing
Management Team
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Experienced Management Team
Senior ManagementNaresh K NayyarManaging Director
Chartered Accountant and IIM, Ahmedabad Alumnus33 years of experience in Oil & Gas sector including development of multi billion dollar project, new markets and global operations in Oil & Gas IndustryWas on the Board of reputed companies like IOC, ONGC, IBP and Petronet LNG
Suresh MathurWhole-time Director
Chartered Accountant with over 40 years of experience mainly in Oil & Gas sectorWas the CEO & MD of Petronet LNG Limited, which under his leadership set up India’s first LNG import and regasification terminal of 5 MMTPA capacity at Dahej and was Director Finance at IOC
S. R. AgrawalHead of the E&P division
Chartered Accountant with over 30 years experience in oil & gas
Daryl PattisonHead – IST
35 years of working internationally in the energy industryResponsible for the International supply and Trading
Eion TurnbullHead – Refinery
Over 27 years of experience in operations, research and technology and projects
Sourcing Refining E&P MarketingMr. ThangapandianHead - Marketing
Over 25 years of experience in the Oil and Gas industry in Sales & Marketing
Adi ShroffCIO – System Engineer
Over 36 years of IT experience
V SureshCFO – Refinery
Qualified Chartered Accountant & Company SecretaryOver 25 years experience across IB/ consultancy/ Industry across verticals
Mohan KumarHead – HR
Post Graduate from XLRICertified instructor for Blake and Mounton’s GRID Management programs
Raj VermaHead - Buss. Development
47 years of experience in Indian oil industry
Strong and Experienced Management Team in Place
Sheikh ShaffiCompany Secretary
Over 30 years of experience in Legal, Secretarial, Compliances
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Experienced Execution Team
Gordon ClarkeProject Director – PMC Group
B.Sc. (Hons) from Salford UniversityOver 31 years of rich experience, 9 years as Project Director at Foster Wheeler and 4 years as Head of Central Planning at Shell BruneiWorked with LASMO, Kerr McGee Oil, Davy Offshore Ltd., Heerema/Lewis Offshore, Shell Expro
B. K. MukherjeeTechnical Head
Chemical Engineer with an illustrious experience of more than 38 years with IOCL as Executive Director of Gujarat Refinery for 2 years & the Executive Director of Haldia Refinery for 3 yearsResponsible for completion & commissioning of Base Refinery after restart in 2005
Shyam BagrodiaPresident – Refinery Expansion
B. Tech (Hons.)- IIT, Kharagpur ; MBA from University of Rochester, NY 37years experience in Chemical, Cement, Edible Oil and Petroleum Industries; including setting up of Green Field ProjectsWorked with the refinery since inception; managed Commercial, Financial & ABB
Shailesh SawaCFO – Refinery Expansion
Chartered Accountant & Cost AccountantMore than 25 years of experience into Corporate Finance having worked with Gujarat Ambuja and SEBI
Eugene SchmelzerConsultant - Technical Services
B.S.(Chemical) from Case Institute of Technology and a certified Six Sigma Green BeltRecently retired as Director of Engineering after a career that spanned more than 38 years of rich experience with UOP overseeing Refinery process technology, R&D and process design engineering areas
Blair JacksonHead – Construction (PMC Group)
B.Eng (Hons) from Bolton InstituteMore than 23 years of project construction management experience in the O&G industryPreviously worked with Bechtel OG&C Ltd. as a Project Construction Manager, John Brown Hydrocarbons Ltd., Kvaerner Process (UK) Ltd.
D.K. ShuklaHead – Refinery Execution (ISBL)
PG Diploma MBA from I.I.Sc, Bangalore and B.Tech (Chemical) from HBTI, Kanpur30 years experience and has previously worked with Reliance Industries as a Sr. VP leading the process engineering for 6 yearsWorked earlier with Engineers India Ltd., MW Kellogg (Houston), BOC Gases
D.K. JhaHead – Refinery Execution (OSBL)
MBA from IIPM, Gurgaon and B.Tech (Chemical) from IIT KanpurOver 25 years of experience and has joined us from Reliance Industries where he was heading Economics Planning & Scheduling for 3 yearsChief Operator for UOP at NNPC Nigeria and has worked with IOC, Barauni Refinery
Albert RolnikConsultant - Refinery Expansion
MBA from Northwestern University and B.S. (Chemical) from Carnegie Mellon University38 years of rich experience, has retired as Project Director - Engineering from UOP and has overseen detailed engineering
Proj
ect L
eade
rshi
pPr
ojec
t Exe
cutio
n
Strong and Experienced Project Implementation Team
Thank You