As at October’2015
9 Blocks within India
Approximately 2.9 million gross acres
Approximately 1.5 million net acres
Total of 102 wells drilled to date
16 in Krishna Godavari Basin
Blocks
81 in Cambay Basin Blocks
5 in Bikaner-Nagaur Basin Blocks
Production commenced in Tarapur Block in 2009
Reserves on Tarapur Block
Proved Oil – 55 MBbls
Proved Natural Gas – 155 Mmcf
There is an approved field development plan which covers an area of approximately 2.14 square kilometers within the Tarapur 1 Discovery Area of approximately 9.7 square kilometers, and includes three discovery wells and three development wells. All six wells are tied into the oil tank storage facilities by way of a gathering system and are on production.There are ten additional wells in the Tarapur 1 Discovery Area which are drilled, tested and tied-in to the oil tank storage facilities of existing Ta-1 early production system. Further, there is one gas well Tarapur-G has commenced production since December’2012. Tarapur-6 wells ( 7 additional wells)commenced production from August 2015 subsequent to Govt of India approval which was pending since last 5 years.
Cumulative production of Oil from Tarapur ML area till date: 301,215 bbls
Cumulative Production of Gas from Tarapur ML area Till date:29.96 MM SCM.
Ankleswar Block is currently on commercial production from one well Ank-21-s,The commercial production started on Feb’2014 The cumulative oil produced so far is 26,200 bbls as on date. Subsequent to Govt approval the operator is building bare minimum production facility for commencement of production from another oil well ANK-40S by end of December’2015.
SanandMiroli development plan is getting ready and will be submitted for approval to commence production from the field.
Subsequent to approval of Field development Plan for offshore DeenDayal west of KG offshore Block operated by GSPC, The few offshore development wells were successfully completed on Offshore Platform and wells are on test production since last one year. Delivery point for gas is the outlet flange of a delivery facility is located at the onshore terminal near Yanam, Kakinada, Andhra Pradesh.
The exploration rights pursuant to PSCs we have entered into with the Government of India are located in the following areas:
- The Krishna Godavari Basin KG-OSN-2001/3 (KG Offshore Block) – This was our first agreement entered into in February 2003 under NELP-III, which grants exploration rights in an area offshore in south eastern India in the Krishna Godavari Basin in the State of Andhra Pradesh. GSPC is the operator of this block and holds an 80% participating interest. We have a 10% participating interest (net 5% carried interest) under this agreement and Jubilant Offshore Drilling Pvt. Ltd. holds a 10% participating interest.
KG-ONN-2004/1 (KG Onshore Block) – We entered into this agreement in March 2007 under NELP-VI, which grants exploration rights in an area onshore in the Krishna Godavari Basin in the State of Andhra Pradesh adjacent to our KG Offshore Block in south eastern India. OIL is the operator of this block and we currently have a 10% participating interest under this agreement with an option to increase our participating interest to 25%.
offshore and onshore in the State of Andhra Pradesh in south eastern India; - The Cambay Basin CB-ONN-2002/2 (Mehsana Block) – We entered into this agreement in February 2004 under NELP-IV, which grants exploration rights in an area onshore in the Cambay Basin in the State of Gujarat in western India. Jubilant Offshore Drilling Pvt. Ltd. is the operator of this block and we have a 10% participating interest under this agreement.
CB-ONN-2002/3 (Sanand/Miroli Block) – We entered into this agreement in February 2004 under NELP-IV, which grants exploration rights in an area onshore in the Cambay Basin in the State of Gujarat in western India. GSPC is the operator of this block and we have a 10% participating interest under this agreement.
CB-ON/2 (Tarapur Block) – Pursuant to an agreement entered into in April 2005, we purchased from GSPC a 20% participating interest in an agreement granting exploration rights granted under the pre-NELP rounds to an onshore exploration block in the Cambay Basin in the State of Gujarat in western India. ONGC has the right to participate in the development of any commercial discovery on the Tarapur Block by acquiring a 30% participating interest as provided under the PSC. GSPC is the operator of this block. Production from this block commenced in 2009.
CB-ONN-2003/2 (Ankleshwar Block) – We entered into this agreement in September 2005 under NELP-V, which grants exploration rights in an area onshore in the Cambay Basin in the State of Gujarat in western India. GSPC is the operator of this block and we have a 10% participating interest under this agreement.
onshore in the State of Gujarat in western India; - The Deccan Syneclise BasinDS-ONN-2003/1 (DS 03 Block) – We entered into this agreement in September 2005 under NELP-V, which grants exploration rights in an area onshore in the Deccan Syneclise Basin located in the northern portion of the State of Maharashtra in west-central India. We are the operator of this block and have a 100% participating interest under this agreement.
DS-ONN-2004/1 (DS 04 Block) – We entered into this agreement in March 2007 under NELP-VI, which grants exploration rights in an area onshore in the Deccan Syneclise Basin located in the northern portion of the State of Maharashtra in west-central India. We are the operator of this block and have a 100% participating interest under this agreement.
onshore in the State of Maharashtra in west central India; and - The Bikaner-Nagaur BasinRJ-ONN-2004/2 (RJ Block 20) – We entered into this agreement in March 2007 under NELP-VI, which grants exploration rights in an area onshore in north-west India in the Bikaner-Nagaur Basin in the State of Rajasthan. OIL is the operator of this block and we have a 25% participating interest under this agreement.
RJ-ONN-2004/3 (RJ Block 21) – We entered into this agreement in March 2007 under NELP-VI, which grants exploration rights in an area onshore in north-west India in the Bikaner-Nagaur Basin in the State of Rajasthan. OIL is the operator of this block and we have a 25% participating interest under this agreement.
onshore in the State of Rajasthan in north western India.