Antelopus Energy

Name

Antelopus Energy

Legal name

Antelopus Selan Energy Limited

Website

https://antelopusenergy.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (211), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC)

Keywords

• Upstream oil and gas
• Hydrocarbon exploration
• Oil and gas production
• Enhanced oil recovery
• Natural gas marketing

Headquarters

HQ city

Haryana

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Supply Chain, Others

Revenue model

1. Oil and Gas Sales: Revenue generated from the sale of crude oil, natural gas, and condensate produced from the company's nine oil and gas contract areas across India. The company operates producing assets in Cambay, Mumbai Offshore, Mahanadi, Assam, and KG basins.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Antelopus Selan Energy Limited is an upstream oil and gas exploration and production (E&P) company operating nine contract areas across India's key hydrocarbon basins (Cambay, Mumbai Offshore, Mahanadi, Assam, and KG). The Company produces and sells crude oil, natural gas, and condensate from onshore and offshore fields using advanced techniques such as hydraulic fracturing and enhanced oil recovery (EOR), with gas monetized through a developed pipeline network serving medium and large industrial consumers.

Product overview

Antelopus Selan Energy Limited is an upstream oil and gas company operating a diversified portfolio of nine oil and gas contract areas across India's key hydrocarbon basins. The portfolio includes Cambay Basin assets (Bakrol, Lohar, Karjisan, Cambay, Elao), Mumbai Offshore (D 31), Mahanadi Offshore (D 11), Krishna-Godavari Onshore (Dangeru & Mukkamala), and Assam Onshore (Duarmara). The Company operates as both operator and joint venture partner across these assets, focusing on exploration, development, and production of oil and gas reserves. Operations span onshore and offshore fields with a focus on operational excellence and strategic growth.

Differentiator

Problem solved

Functional benefit

Products and services

• Bakrol Field Flagship producing asset located approximately 16 km southeast of Ahmedabad, Gujarat, within the Cambay Basin. Spans 36 sq. km with primary hydrocarbon-bearing zones in K-VIII and K-IX reservoirs of the Kalol Formation. The Company holds 100% participating interest and operates the field; advanced hydraulic fracturing techniques are implemented here.
• Lohar Field Located in the Cambay Basin, about 35 km northwest of Ahmedabad, spanning 5 sq. km. The Company operates with 100% participating interest, targeting the K-III reservoir of the Kalol Formation.
• Karjisan Field Situated within the Ahmedabad-Mehsana tectonic block of the Cambay Basin, covering 5 sq. km. Primary producing zones are K-III and K-IV reservoirs of the Kalol Formation. Key driver of Company's production growth with a solar power plant integrated into field operations for optimizing electrical power.
• Cambay Field Onshore gas and condensate field located approximately 100 km from Ahmedabad and 90 km from Vadodara, in Khambhat Taluka, Anand District, Gujarat. Contract area measures ~161 sq. km. Key producing reservoirs include Miocene Basal Sand, Oligocene Sand, and Eocene formations. Company holds 50% participating interest with Synergia Energy Limited as partner.
• Elao Field Located about 40 km northwest of Surat, Gujarat. Contract area spans 9.98 sq. km. Primary producing reservoir is the Hazad Sand of the Ankleshwar Formation. Company holds 100% participating interest and operatorship.
• Dangeru & Mukkamala Contract Area Located in the Krishna-Godavari (KG) Basin, spanning 144.26 sq. km. Company is operator with 100% participating interest. Contract area represents significant growth opportunities with Raghavapuram Formation as target reservoir.
• Duarmara Field Contract Area Located in Northern Assam in the Assam Shelf of the Assam-Arakan Basin, spanning 8.91 sq. km. Company holds 50% participating interest with joint operatorship with Oilmax Energy Private Limited. Hosts proven gas discoveries with substantial oil potential in TS-2 and TS-3 reservoirs. Benefits from proximity to mature gas markets.
• D 31 Contract Area Located in offshore shallow waters of the Mumbai Offshore Basin, covering approximately 271.8 sq. km. Seven wells drilled resulting in four hydrocarbon discoveries (D-12, D-31, B-192A, BH-67 and BH-70). Two wells tested gas, three tested oil.
• D 11 Contract Area Located in offshore shallow waters of the Bengal-Purnea Basin, covering 541.4 sq. km. Six wells drilled resulting in six gas discoveries (D-9, D-10, D-11, D-15, D-20 and D-21). Benefits from proximity to active gas markets and existing LNG infrastructure.

Quantifiable outcome

• 165.28% increase in EBITDA year-over-year for Q4 FY 2025-26
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Synergia Energy LimitedcoreStrategic or Co-development Partner · 19 July 2024Synergia Energy Limited transferred 50% participating interest and operatorship of the Cambay Field to Antelopus Selan Energy Limited in July 2024, following regulatory approval. The Cambay Field is an onshore gas and condensate field located approximately 100 km from Ahmedabad and 90 km from Vadodara in Gujarat.
• PFH Oil & Gas Pvt. LimitedcoreStrategic or Co-development Partner · 1 July 2022In July 2022, Antelopus entered into a Farm-In & Farm-Out Agreement with PFH Oil & Gas Pvt. Limited for the transfer of 100% participating interest and operatorship of the Elao Field. The agreement received final approval from the Ministry of Petroleum and Natural Gas on December 18, 2023.
• Oilmax Energy Private LimitedcoreStrategic or Co-development PartnerOilmax Energy Private Limited is the joint operating partner (50% participating interest) in the Duarmara Field Contract Area located in Assam Onshore. The area benefits from mature gas market with established industrial consumers.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Gujarat Natural Resources Limited (GNRL): Small-cap Indian E&P company with Cambay Basin (Gujarat) producing assets, directly overlapping Antelopus's Bakrol/Karjisan/Lohar/Cambay geography. Useful size and basin peer.

Broad incumbents

• Oil and Natural Gas Corporation (ONGC): India's largest state-owned E&P company with operations across Mumbai Offshore, Assam, KG, and other basins that overlap directly with Antelopus's footprint. Sets the competitive and regulatory benchmark for Indian upstream.
• Oil India Limited: Public-sector upstream E&P company with significant Assam operations, Northeast focus, and PSC interests. Highly comparable given Antelopus's Duarmara/Assam exposure, but materially larger and state-owned.
• Reliance Industries (E&P division): Major Indian private-sector E&P operator with KG offshore basin and other assets. Comparable in technology depth (subsurface, deepwater), basin overlap (KG), and B2B gas sales model, though materially larger and diversified.

Direct peers

• Cairn Oil & Gas (Vedanta): India's largest private-sector crude oil producer operating the Rajasthan block and offshore/onshore assets. Highly comparable in basin expertise, EOR/polymer flooding capability, and the very leadership pedigree from which Antelopus's management originates.
• Hindustan Oil Exploration Company (HOEC): Small-cap publicly listed Indian upstream E&P company with onshore/offshore production. Highly comparable in scale, business model (B2B hydrocarbon sales to industrial buyers), and asset profile, including producing fields and gas-focused operations.
• Synergia Energy Limited: JV partner on the Cambay Field (50% PI transferred to Antelopus in 2024) and an AIM-listed upstream E&P. Closely comparable in asset profile and operational scale, providing a direct transaction-benchmark peer.

Emerging players

• Sun Petrochemicals Limited: Small-cap Indian E&P and energy company exploring upstream opportunities. Comparable as a sub-scale Indian hydrocarbon producer with growth ambitions, though earlier-stage than Antelopus.
• GeoEnpro Petroleum Limited: Small Indian upstream operator with producing gas/condensate assets, including in the Cambay Basin region. Useful as a size and asset-mix comparator for a sub-scale Indian E&P.
• Jubilant Energy (Jubilant Bhartia Group): Private Indian upstream E&P player with operated blocks in the Assam-Arakan basin. Directly comparable in basin focus (Northeast India) and asset-scale profile for a small producing E&P.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/antelopusenergy
• Xx.com/AntelopusEnergy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Antelopus Energy