Oilmax Energy to invest $100 mn in 3 years to expand ops
Oilmax Energy, a privately-held oil and gas company, plans to spend more than $100 million in the next three years in order to expand its operations, the company’s founder, chairman and managing director Kapil Garg told FE. The company also expects its gas field in Duarmara, Assam, to begin production by September, thus adding to the domestic gas output of the country.
“In the next three years, we are looking to spend more than $100 million as capex. So, for the current expansion plans as of now, we are fully funded,” said Garg.
