Canada’s VZFOX set to enter India, eyes mature oilfields

It will also support emerging CO2 storage and carbon capture, utilisation and storage (CCUS) projects. VZFOX plans to establish an office in Bengaluru with a five-member team by the end of 2026 and expand organically as business grows. The India base will also help develop local engineering talent that can support the company’s international operations. 7% in FY26 from 85.5% in FY22, while domestic crude production has declined to 28 million tonnes from 29.7 million tonnes over the same period.

VZFOX sees opportunity in India’s mature and brownfield assets, where ageing reservoirs increasingly require specialised interventions to sustain and improve output. Its capabilities include reservoir characterisation, production and pressure analysis, compartment identification, injection optimisation, infill and recompletion screening and EOR/IOR evaluation. “Our conversations with Indian oil and gas companies show that India has strong engineering capability.

One of the opportunities we see is helping operators get more value from existing energy assets,” Vick Saxon, Managing Partner and Director, VZFOX, said. “India has scale, a large base of producing assets and a continuing need to strengthen domestic production,” Saxon said, adding that the company sees India as “a long-term technical market, not a one-off trade mission opportunity.” “We plan to build a core team of 5 people in India to support our operations and expand this team as our impact grows,” Vinay Kumar, Executive Director and Senior Advisor, VZFOX, said.

VZFOX brings more than two decades of Canadian subsurface, reservoir and injection engineering experience across conventional oil and gas, EOR/IOR and carbon-management applications.