Gujarat State Petroleum Corporation (GSPC) is the flagship concern of the GSPC Group involved in exploration and production (E&P) of oil and gas. GSPC is one of the leading oil and gas exploration, development and production companies in India. They are also one of the largest gas trading companies in India. In addition, GSPC have a significant presence in the gas transmission and gas distribution businesses. Exploration, development and production activities are conducted both onshore and offshore in India and overseas. Government of Gujarat along with its public sector undertakings are holding more than 97% of equity of the company as on 31-Mar-15.
GSPC hold working interest in 26 onshore and offshore exploration and production blocks. 24 of these blocks are located in India and 2 are located in Australia and Indonesia. The company conduct all their exploration, development and production activities through unincorporated joint ventures with other domestic oil and gas companies and foreign partners and pursuant to PSCs and PSAs.
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