In India, during 2011 and up to March 31, 2012, based on current budgets, we anticipate drilling seven exploratory wells; two core wells; acquiring, processing and interpreting 2,480 line kilometers of 2D seismic data; and acquiring, processing and interpreting 350 square kilometers of 3D seismic data as well as processing and interpreting an additional 400 square kilometers of 3D seismic data. We further expect to tie-in additional oil wells in Tarapur along with the construction of a gas pipeline for the Tarapur G gas discovery and to continue with the construction of the gas gathering and production facilities together with further development drilling on the KG Offshore Block in which we have a carried interest.  Additional expenditures may be incurred in connection with additional exploratory, appraisal and development wells we may participate in.

If the Government of India approves the increase to our participating interest in the KG Onshore Block to 20%, our obligations to fund the 3D seismic acquisition and the exploratory drilling on the block will increase.

In Israel, during 2011, we expect to complete the acquisition, processing and interpretation of 43 square kilometers of 3D seismic data in our Samuel license as well as complete the processing and interpretation of 1,360 square kilometers of 3D seismic data covering our Myra and Sara licenses and also commence drilling our first deepwater exploration well before the end of the year.


Country 2011 Expenditures 2012 Expenditures
Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total
G&G Seismic 1.15 1.28 4.30 1.10 7.83 0.66 0.14 0.14 0.94
Exploration 1.06 1.03 1.13 3.22 1.03 1.70 1.70 3.92 8.35
Total 1.15 2.34 5.33 2.23 11.05 1.69 1.84 1.84 3.92 9.29
G&G Seismic 1.08 1.08 1.08 1.08 4.31
Total 1.08 1.08 1.08 1.08 4.31
G&G Seismic
GRAND TOTAL 2.23 3.42 6.41 3.31 15.36 1.69 1.84 1.84 3.92 9.29