Krishna Godavari Onshore Block
KG-ONN-2004/1
| September 14, 2006 |
Agreement with OIL to increase our PI up to 25% |
| March 2, 2007 |
Signed Production Sharing Contract (NELP VI) |
| March 24, 2007 |
Applied for Production Exploration License |
| September 14, 2007 |
Amended application for Production Exploration License into two parts |
| February 18, 2008 |
Partial Production Exploration License issued (on 511 sq. km. only) |
| Area |
Approximately 549 sq. km. (135,660 acres) |
| GGR PI |
10% |
| Partners |
Oil India Limited = 90% (operator) |
Block Commitments
Total wells to be drilled in all Phases is 13 (12+1)
| (i) |
Reprocessing 564 line km. of 2D seismic |
| (ii) |
Gravity magnetic and geochemical survey |
| (iii) |
Seismic acquisition program consisting of 548 sq. km. of 3D seismic |
| (iv) |
Drill 12 exploration wells to various depths between 2,000 and 5,000 meters |
| (v) |
Drill 1 exploration well to 4,600 meters |
| (i) |
Phase I – not less than 25% |
| (ii) |
Phase II – 100% except for development and discovery areas |
Top