Former Shell chief new Selan director
Derek Corbishley, former Shell India MD from 1995 to 1999, has joined the board of Gurgaon-based and BSE-listed Selan Exploration on February 16.
“Corbishley has rich E&P sector experience,” says a former Shell colleague. Selan, he adds, wants to use Corbishley’s experience as it prepares to drill 11 appraisal and development wells at four onshore Gujarat fields in March: Lohar, Indrora, Bakrol and Karjisan.
British national Corbishley left Delhi after Shell quit exploration in India in 1999, giving away its Rajasthan block to Edinburgh-based Cairn Energy for a song. On January 1, Selan increased its gas price to four sodium silicate factories receiving 22,000 cm/d gas in total from its 36-sq km Bakrol field in Gujarat from Rs11 ($0.20) to Rs12.25/cm ($0.22) excluding VAT.
Selan sells 8000 cm/d to Advatech, 4000 cm/d to Shanti Chemicals and 5000 cm/d each to Excel Industries and GR Industries.