- Business
- Deep Energy Resources Limited (DEEPENR.BO), founded in 1991 and headquartered in Ahmedabad, Gujarat, India, operates as a diversified oil and gas field services provider focused on conventional and unconventional exploration and production activities. The company offers air and gas compression services on a rental basis, including high-pressure air and natural gas compressors; gas dehydration solutions; workover and drilling rig operations; coal bed methane extraction and related engineering services; and equipment supply, operation, maintenance, and turnkey projects for the upstream to midstream oil and gas sector, primarily serving public and private sector clients such as ONGC and GSPC in India. Its subsidiaries include Deep Natural Resources Limited and Deep Energy LLC, with historical involvement in the North Karanpura CBM block through Prabha Energy Private Limited. In September 2024, the National Company Law Tribunal sanctioned a composite scheme of arrangement resulting in the amalgamation of Deep Energy Resources Limited and Savla Oil and Gas Private Limited into Prabha Energy Private Limited, with shares exchanged at specified ratios and Deep Energy Resources dissolved without winding up, marking a significant corporate reorganization.