Question

Which of the following is the first Indian private company to sign an accord with the government of Myanmar for oil exploration in two offshore blocks in the country?
A) Reliance energy
B) Essar oil
C) GAIL
D) ONGC

Answer 1

Hint:
It was traded on an open market organization until it was taken private in an utilized buyout which shut on December 30, 2015. It was delisted esteemed at ₹380 billion (US $ \$5.3$ billion)

Complete Answer:
Essar Oil Limited (EOL) marked a Production Sharing Contract with the Government of Myanmar for oil investigation in two Blocks - one each for coastal and seaward squares.
The agreements were endorsed by U.San Lwin-Managing Director of Myanmar Oil and Gas Enterprise, for the Government of Myanmar. The Minister for Energy, Brigadier General Lun Thi was additionally present. Mr. A. N. Sinha marked the agreements for the benefit of Essar Oil Limited.
Essar is the primary Indian private area organization to consent to an arrangement around there in Myanmar EOL's' offer for the two adjacent investigation blocks in the seaward (Block A2) region and abutting on the land territory (Block L) was made after an itemized assessment of geoscientific information at MOGE office in January 2005 by the EOL group.
The squares are undeniably situated between demonstrated gas hinders and adjusted along the territorial hall of gas revelations south of Bangladesh southwards including the exceptionally beneficial Sangu Gas field in Bangladesh. The Rakhine coast lies along the eastern side of these squares, offering good strategic help.

Thus, option (B) is correct.

Note:
Essar Oil Ltd (EOL) needs to change its corporate way of life as it enters another stage after the acquisition by Russian monster Rosneft-drove consortium in August 2017. The organization is looking for endorsement to change its name to Nayara Energy Ltd, a term instituted by joining the Hindi word Naya (new) and Era.