Oilmax Energy, a leading private integrated oil and gas company, has announced a ₹450 crore investment in Assam, reinforcing its long-term commitment to the state’s energy and industrial sectors. Oilmax Group is not only committed to investing in the state’s compressed biogas sector, but also focused on Tiphuk oil and gas field, and exploring opportunities in Assam’s mineral sector.
As part of this investment, Oilmax Energy has signed three key Memorandums of Understanding (MoUs) at the Advantage Assam 2.0 Summit, marking a strategic expansion in Assam’s energy and mineral landscape. The first MoU, signed with Brahmaputra Crackers & Polymers Limited (BCPL), focuses on investment in the Tiphuk oil and gas field, where BCPL will offtake the gas produced at the site. This initiative is a significant step in boosting domestic oil and gas production while strengthening India’s energy security.
The second MoU, signed with the Government of Assam, paves the way for the development of mineral resources, specifically quartz mining. With Assam emerging as a critical hub for industrial minerals, Oilmax Energy aims to leverage its expertise to unlock the potential of these resources, further supporting India’s push toward self-reliance in strategic sectors.
In its third MoU, Oilmax Energy has partnered with Assam Gas Company Limited (AGCL) to develop a compressed biogas (CBG) plant using Napier grass as feedstock. Oilmax will bring cutting-edge technology to process the raw material into biogas, while AGCL will source the feedstock and utilize the produced biogas. This initiative aligns with India’s focus on clean energy and circular economy solutions, offering Assam a sustainable model for biofuel production.
Oilmax Energy Pvt. Ltd. (OEPL), incorporated in 2008 by Mr. Kapil Garg, Founder Director, is a privately owned integrated Oil & Gas company with investments in Oil & Gas assets as well as the Energy Services business. A zero-debt company with robust financials, OEPL is at the threshold of a quantum jump in terms of expansion and growth, with a good market opportunity in the next 5 years. The company has a diverse portfolio of assets and business that includes Oil & Gas Production, Infrastructure, O&M, and Services Business and is backed by a team of veterans and experts from the Indian and global industries.
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