- D11 Contract Area in the East Coast Bengal Purnea Basin
- 6 proven discoveries with significant upside potential
- Phased development of the Contract Area envisaged
- Presence of active Gas Markets
- Large scale Gas infra (Pipelines, LNG Terminals) being set up
- Attractive fiscal terms, Government take of Revenues < 40%
- Combined tested production of c. 80 mmscfd
- In-Place Resource base of 746 bcf gas
- Phase 1 to monetize 208 bcf gas
- Drilling of 4 new wells
- Optimized offshore facility development
- 10000 boed with plateau period of 5 years
- C. 100 kms of offshore pipeline develoment
- Field development approved by the regulator
- Extensive inhouse technical work completed
- Robust prospects portfolio of c. 500 bcf established
- Close to existing discoveries for short tie-back
- High geological chance of success (30% to 50%)