1. Megha enters into oil and natural gas production.

  2. MEIL has been executing many projects under energy sector at national and international level.
  3. It has now ventured into oil and gas extraction from two offshore oil fields.
  4. MEIL has been awarded two oil fields in Khambel of Gujarat and Lakshmijan in Assam.
  5. Action plan was drawn to commence oil and gas production on commercial scale by 2020. Drilling of wells to commence in 2018.
  6. During next three years Megha is to invest 100 million US dollars (Rs.800 Cr) from its own funds to bring in latest technology and equipment for oil and gas production.
  7. It was decided to drill three wells in Khambel oil field in three phases.
  8. Apart from drilling wells in the two oil fields, Treatment and Effluent plants will be set up to process the extracted crude oil and gas.
  9. The crude oil and gas produced from these oil fields will be transported and sold to oil PSUs like IOCL, HPCL, BPCL, GAIL, GSPCL, ESSAR and CGD companies.
  10.  A production target of 3.70 lakh barrels (BBLS) per annum has been set for Khambel oil field alone.
  11.  MEIL has successfully completed many projects under energy sector at national and international levels.
  12.  Megha has taken up different projects in energy sector in states like Assam, Gujarat, Andhra Pradesh, Telangana, Tripura, Karnataka and Rajasthan.
  13.  It has also executed several projects related to setting up of oil refineries in countries like Kuwait, Jordan, Bangladesh and Singapore.
  14.  MEIL has a proven track record in setting up of basic infrastructure like crude oil processing plants, compressor plants, gas based captive power plants by adhering to highest quality standards and completing them on time.