Rabi Bastia joins Asian Oilfield

Vol 16, PW 18 (04 Apr 13) News in Brief

Former Reliance exploration chief Rabi Bastia joined BSE-listed Asian Oilfield Services as a non-executive director on March 4.

“We’re honoured to have Bastia on board,” Rahul Talwar, Asian Oilfield director and CEO, tells this report. “He’ll meet the other directors at our next board meeting.

” Bastia was once a contender for the ONGC chairman job, unsuccessfully competing against Sudhir Vasudeva in 2010. He spent 16 years at Reliance and was credited with discovering D6.

"I left Reliance in May 2012 to pursue my academic interests," Bastia tells PETROWATCH. Other less charitable souls tell us Bastia was let go by Reliance boss Mukesh Ambani for failing to drill enough appraisal wells at D6, resulting in a faulty reservoir assessment.

Since leaving Reliance, Bastia has held various positions including exploration head at Mumbai-based Oilmax, exploration head at Isle of Man-based Lime Petroleum, and non-executive director at Malaysia’s Hibiscus Petroleum.

LNG Summit