As at December 31, 2010:
10 Blocks within India
Approximately 2.9 million gross acres
Approximately 1.5 million net acres
Total of 99 wells drilled to date
-
16 in Krishna Godavari Basin Blocks
- 81 in the Cambay Basin Blocks
- 2 in the 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 awaiting tie-in to the oil tank storage facilities. Further, there is one gas well whose declaration of commerciality has been reviewed and declared as a commercial discovery. Production from Tarapur G will commence upon approval of a field development plan. The operator is currently in the process of preparing and filing the necessary declarations of commerciality and/or field development plans pursuant to the provisions of the Production Sharing Contracts to bring these additional discoveries onto production.
There is an approved Deen Dayal West field development plan as follows:
- Includes fifteen wells; four existing wells (KG#8, KG#15, KG#17 and KG#28) and eleven new development wells including three slant wells and eight multilateral wells to be drilled.
- Production facilities to be constructed include:
- Two offshore platforms (one well head and one central processing facility);
- 20 kilometer long pipeline of 24 inch diameter pipe extending to a landfall point; and
- One onshore gas terminal to include a gas sweetening unit, gas dehydration unit, dew point depression unit, condensate stabilization unit, sulphur recovery unit and a captive power unit.
- Delivery point for gas will be the outlet flange of a delivery facility to be located at the onshore terminal near Yanam, Kakinada, Andhra Pradesh.
- First gas production to commence December 2011 (subsequent to approval, amended to April 2013 or later).
- GSPC as operator is expected to apply for a 17 square kilometer mining lease to cover this area.
Field development plans have been filed with the Government of India and Director General of Hydrocarbons for a portion of the KG Offshore Block and the Tarapur Block under the provisions of the PSC. The Government of India has provided approval for these plans subject to certain terms and conditions.
While we have discoveries in the Ankleshwar Block, the Mehsana Block and the Sanand/Miroli Block along with additional discoveries in the Tarapur Block and the KG Offshore Block, field development plans have not yet been submitted on those blocks for those specific discoveries.
The exploration rights pursuant to PSCs we have entered into with the Government of India are located in the following areas:
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%.
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.
DS-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.
RJ-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.