- D31 Offshore Contract Area on the proven west coast Mumbai Basin
- The contract Area has five discoveries
- Phased development of the Contract Area envisaged
- Well-developed infrastructure for transportation of the produce
- Active Gas market with extensive onshore pipeline infrastructure
- Attractive fiscal terms, Government take of Revenues < 35%
- C. 530 mmboe of resources
- 484 mmbbls of Oil
- 280 bcf of Gas
- Phase 1 to access low risk highly profitable D12 Gas
- Inclined development wells planned to maximize reservoir contact
- Drilling of 2 highly inclined new wells
- Optimized offshore facility development
- 6500 boed with plateau period of 5 years
- Tie in to NOC infrastructure at optimal costs
- Field development approved by the regulator
- Major capex contracts ready for award
- Phase 2 to access c. 99 mmboe in D-12 deep and D31 reservoir
- Extensive inhouse technical work completed
- Significant additional upside potential identified & mapped