Ankleshwar Block

CB-ONN-2003/2

Wells on Ankleshwar block

September 23, 2005	Signed Production Sharing Contract (NELP V)
April 1, 2006	Production Exploration License issued
Area	Approximately 448 sq. km. (110,703 acres)
GGR PI	10%
Partners	Gujarat State Petroleum Company = 50% (operator) Jubilant Offshore Drilling Pvt. Ltd. = 20% GAIL (India) Ltd. = 20%

As at August 13, 2010 a total of 15 wells have been drilled on this block

Block Commitments
Total wells to be drilled in all Phases is 24 (14+4+6)

Phase I (3.0 years) April 1, 2006 to March 31, 2009
(i)	Acquire 448 sq. km. 3D seismic
(ii)	Reprocess 650 line km. of 2D seismic
(iii)	Drill 14 exploratory wells between 1,500 and 2,500 meters
Phase II (3.0 years) April 1, 2009 to March 31, 2012
(i)	Drill 4 exploratory wells between 2,500 and 3,000 meters
Phase III (1.0 years) April 1, 2012 to March 31, 2013
(i)	Drill 6 exploratory wells 2,500 to 3,000 meters
Land Relinquishment
(i)	Phase I – 25%
(ii)	Phase II – 25%
(iii)	Phase III – 100% except for development and discovery areas

Changes and Updates to Phase Work Commitments: 

August 13, 2010

As Phase I ended and the Work Commitments have been met, the consortium has elected to move into Phase II.  Under Phase II, the parties are to drill four exporatory wells between 2,500 and 3,000 meters by March 31, 2012.

September 18, 2009

GSPC applied for a twelve month extension to Phase I to September 30, 2010 to complete the exploratory drilling commitments under Phase I on this block, which approval is pending.

February 26, 2009

GSPC as operator applied for a six month extension to complete the exploratory drilling commitments under Phase I.  Government of India approval is pending.

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