Deccan Syneclise Region
Deccan Syneclise Block (DS03)
DS-ONN-2003/1
| September 23, 2005 |
Signed Production Sharing Contract (NELP V) |
| September 4, 2006 |
Production Exploration License issued |
| Area |
Approximately 3,155 sq. km. (779,618 acres) |
| GGR PI |
100% (operator) |
Block Commitments
Total wells to be drilled in all Phases is 3 (0+1+2)
| (i) |
Gravity magnetic and geochemical survey |
| (ii) |
Acquire 12,000 line km. of aero magnetic survey |
| (iii) |
Acquire 500 line km. 2D seismic |
| (iv) |
Drill 1 exploratory well to 1,500 meters or 500 meters below Deccan trap |
| (v) |
Acquire 250 sq. km. 3D seismic |
| (vi) |
Drill 2 exploratory wells to 2,000 and 2,500 meters respectively |
| (i) |
Phase I – 25% |
| (ii) |
Phase II – 25% |
| (iii) |
Phase III – 100% except for development and discovery areas |
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Deccan Syneclise Block (DS04)
DS-ONN-2004/1
| March 2, 2007 |
Signed Production Sharing Contract (NELP VI) |
| June 7, 2007 |
Production Exploration License issued |
| Area |
Approximately 2,649 sq. km. (654,582 acres) |
| GGR PI |
100% (operator) |
Block Commitments
Total wells to be drilled in all Phases is 1
| (i) |
Gravity magnetic and geochemical survey |
| (ii) |
Seismic acquisition program consisting of 325 line km. of 2D seismic |
| (iii) |
Drill 10 core holes to a depth of approximately 500 meters |
| (i) |
Seismic acquisition program consisting of 500 line km. of 2D seismic |
| (ii) |
Seismic acquisition program consisting of 200 sq. km. of 3D seismic |
| (iii) |
Drill 1 well to at least 2,000 meters |
| (i) |
Phase I – not less than 25% |
| (ii) |
Phase II - 100% except for development and discovery areas |
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