- Duarmara Contract Area on the proven Assam Shelf Basin
- The field is surrounded by many producing fields
- Proven gas discoveries with significant upside Oil potential
- Major gas bearing zones are the TS 2 and TS 3 Reservoirs
- 50% Participating Interest with Operatorship
- Well established Gas market
- Attractive fiscal terms, Government take of Revenues < 50%
- In-Place Resource base of c.120 mmboe
- Strategy to monetize c.20 mmobe of reserves
- Appraise deeper oil potential
- Subsequent phases to develop these oil pools
- Drilling of 6 new wells
- Optimized onshore facility development
- Tie in to existing pipeline infrastructure
- Regulatory clearances in last leg of approvals
- Site office established
- Pre Development activities ongoing
- Field development approved by the regulator