Imperial Energy

Imperial Energy is a company of international level. In 2004 Imperial Energy listed its shares on London's AIM exchange, then moved to the main LSE market in May 2007 and became a constituent of the FTSE 250 Index. In 2004-2007 Imperial Energy purchased the licenses for the undeveloped and poorly developed blocks in Tomsk region and Qostanay (Kazakhstan), and proceeded to vast program of exploration works on them, which has led to 7 new fields discoveries in Tomsk region. In 2006, Imperial Energy established its own drilling company, RUS IMPERIAL GROUP (RIG), which now operates three heavy duty drilling rigs, three workover rigs and a coiled tubing unit. Shortly after, Imperial Energy also purchased 50% of charter capital of Imperial FracService (IFS) that provides hydraulic fracture services to improve production in its fields and service to the third parties. The Group was acquired by ONGC Videsh Limited (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), the flagship National Oil Company of India on January 13th,2009. On March 9, 2009 Imperial was delisted from LSE. Since 2007 Imperial Energy has constructed 366 km of pipeline infrastructure connecting its fields to the Transneft pipeline system. The completion of pipelines enabled the Company to transport its oil to both domestic and export markets.