User:Rednosedrandolph/Delonex Energy

Delonex Energy

Company type	Private
Industry	Oil and Gas Exploration
Founded	September 2012
Key people	Rahul Dhir Management Director David Ginger Executive Director, Exploration and Sub Surface
Website	http://www.delonexenergy.com/wordpress/

Delonex Energy is an new world-class, energy exploration and production company (E&P) focused on building a material portfolio of discovered and prospective resources in East & Central Africa – a region having significantly underexplored basins with an attractive geology. Delonex Energy's growth strategy is to access opportunities through farm-in and direct awards from host governments. The company has targeted approach on selective assets, which have large reserve potential & attractive risk.

Delonex Energy is focused in a disciplined capital allocation to target exploration led opportunities in ‘working’ petroleum systems and maximizing cross learning by targeting basins with common attributes.

The company is currently being led by Mr. Rahul Dhir, who was previously the CEO of Cairn India Ltd. The current Delonex team comprises of members with at least 30 years of experience. The company's team has a proven track record of discovering ands developing world class basins.

Investors

Delonex Energy is backed by an investor group led by Warburg Pincus. Warburg Pincus has provided $600 million capital commitment to Delonex Energy for pursuing it's exploration program in East and Central Africa, making Delonex Energy the largest private equity bank startups in it's region.

Expertise

The Delonex team is vastly experienced in seismic, FTG and other imaging and basin modeling techniques. Delonex Energy emphasizes on strong execution and the right use of technology and is. The use of advanced technology, coupled with a well designed drilling program, has helped the Delonex team establish a 7 billion barrel oil resource with a production potential of over 300,000 barrels in the deserts of Western India, as well as successful exploration in deep waters off Sri Lanka. Delonex Energy shall continue to build on successful experiences of the team by adopting innovative drilling techniques which can help deliver wells more effectively, (for example, the use of pad-based mobile rigs for onshore wells reduces drilling times by half). The company shall also also apply Enhanced Oil Recovery (EOR) techniques such as the early implementation of polymer and surfactant floods, which can increase recovery factors to over 50%.

The Delonex team has been associated with many successes, which opening the frontier Mannar Basin in Sri Lanka and completing 3D Seismic/3-well deepwater programme within 3 years of being awarded the licence; defining the full potential of Barmer Basin in Rajasthan, India. Established 1.7 billion barrels recoverable resource base (7 bn bbls in place); extending the Krishna Godavari oil plays onshore in South East India; achieving the first oil production in Western India within 5.5 years of discovery and establishing an organization that operates over 20,000 boepd.

The company has extensive experience in developing pipelines and processing infrastructure to deliver oil and gas to customers in developing markets. Energy exports will also be critical to creating value. The team has strong relationships with all major oil gas customers across Asia.

Office Locations

Delonex Energy is headquartered in London and with additional offices in New Delhi and Nairobi

External links

• Official website
• Warburg Pincus Official Website