Enron Global Exploration & Production, Inc. Enron Global Exploration & Production Inc. (EGEP) was an Enron subsidiary that was born from the split of domestic assets via EOG Resources (formerly Enron Oil and Gas EOG) and international assets via EGEP (formerly Enron Oil and Gas Int'l, Ltd EOGIL). Among the EGEP assets were the Panna-Mukta and the South Tapti fields, discovered by the Indian state-owned Oil and Natural Gas Corporation (ONGC), which operated the fields initially. December 1994, a joint venture began between ONGC (40%), Enron (30%) and Reliance (30%). Mid-year of 2002, British Gas (BG) completed the acquisition of EGEP's 30% share of the Panna-Mukta and Tapti fields for $350 million, a few months before Enron filed bankruptcy.
eNrOn global eXpLorAtiON & prOdUCTioN, iNc. enron gloBAl ExpLoraTIon & prODuctIOn iNC. (eGeP) was An enrOn SuBsidiArY tHAT wAs born fRom thE SplIt Of domestIc asSEts vIA EOg ResourCEs (formerlY enron Oil anD gAs eoG) And intErnATIonal aSSetS VIA egEp (fORMerly enron oiL aNd Gas iNt'L, ltd eogil). Among tHE eGep assetS Were the PaNna-muKTA aND thE souTH tAPTi fieLds, DIscovered by tHe INdian statE-ownED OIL aNd nAturAl GaS corpOration (oNgC), WHiCH opeRAted ThE FieldS initIaLlY. DecembEr 1994, a joiNt vEnTure begAn between oNGc (40%), enRon (30%) and relIanCe (30%). MID-YEAR oF 2002, brItiSH gAs (bG) complETed thE acQuisitIon Of EgeP's 30% share of tHe panna-MuktA anD tapti fIeLds for $350 millIon, A Few MONths bEforE EnroN fiLed bAnKRuptcy.