- D-31 Offshore Contract Area on the proven west coast Mumbai Basin with five discoveries
- Phased development of the Contract Area. Phase 1 to develop D-12 discovery
- Presence of well-developed infrastructure for transportation of the produced hydrocarbons to Onshore
- Presence of active Gas market with extensive onshore pipeline infrastructure catering to industrial customers
- Gas Price to be market linked Attractive fiscal terms, Government take of Revenues (incl. income tax) < 35%
- To access ‘low risk – high profitable’ D-12 gas discovery
- Two inclined development wells planned to maximize reservoir contact
- Platform based development plan, to be executed on a turnkey basis with reputed service contractors to reduce execution risks
- Tie into existing ONGC infrastructure. Gas and Oil to be tolled via existing infrastructure
- Oil and Gas to be sold with prices linked to global benchmarks in well establish markets