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| JVs / PSCs / Alliances |
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Keeping in perspective the Indian Government’s liberalisation policy and the dismantling of
the Administered Pricing Mechanism, OIL expanded its business activities both within and
outside the country, adding hydrocarbon related ventures like gas based power generation to its portfolio.
In the E&P sector, in India, OIL has signed Production Sharing Contracts (PSCs) with private companies like Essar Oil, Hindustan Oil Exploration Company (HOEC), Geo Global Resources (GGR), Geo-Enpro Petroleum, Hindustan Mittal Energy Ltd (HMEL), Geo-Petrol International Inc., Shiv Vani, Assam Company India Ltd (ACIL) and Reliance Industries (RIL). Besides bidding on its own, OIL has joined ONGC, GAIL, BPRL, HPCL, NTPC, BGEPIL, APGIC, GSPCL and IOC in acquiring exploration blocks offered under New Exploration Licensing Policy (NELP) of the Government of India.
The list of PSCs, their locations and partners where OIL has participating interest or operatorship as of April 2011:
JOINT VENTURES (as on April 2011):
| Sl.No. |
Block No |
Date of Execution |
Company's Participating Interest(%) |
Other Partners |
Participating Interest(%) |
Operator |
| 1 |
Kharsang PSC |
16.06.1995 |
40 |
JEPL
Geo Petrol
Geo-Enpro |
25
25
10 |
Geo-enpro |
| 2 |
AAP-ON-94/1 |
30.06.1998 |
16.129% in Expl Phase
Addl 30% carried interest |
IOCL
HOEC |
43.548
40.323 |
HOEC |
| 3 |
GK-OSJ-3 |
06.09.2001 |
15 |
ONGCL
RIL |
25
60 |
RIL |
OIL AS OPERATOR (as on April 2011):
| Sl.No. |
Block No |
Date of Execution |
Company's Participating Interest(%) |
Other Partners |
Participating Interest(%) |
Operator |
| 1 |
AA-ONN-2002/3 |
06.02.2004 |
30 |
ONGCL |
70 |
OIL |
| 2 |
AA-ONN-2003/3 |
23.09.2005 |
85 |
HPCL |
15 |
OIL |
| 3 |
MZ-ONN-2004/1 |
02.03.2007 |
85 |
Shiv-Vani |
15 |
OIL |
| 4 |
AA-ONN-2004/1 |
02.03.2007 |
85 |
Shiv-Vani |
15 |
OIL |
| 5 |
AA-ONN-2004/2 |
02.03.2007 |
100 |
|
|
OIL |
| 6 |
RJ-ONN-2004/2 |
02.03.2007 |
75 |
GGR |
25 |
OIL |
| 7 |
RJ-ONN-2004/3 |
02.03.2007 |
60 |
GGR
HPCL |
25
15 |
OIL |
| 8 |
KG-ONN-2004/1 |
02.03.2007 |
90 |
GGR |
10 |
OIL |
| 9 |
RJ-ONN-2005/2 |
22.12.2008 |
60 |
HMEL
HOEC |
20
20 |
OIL |
| 10 |
CY-OSN-2009/2 |
30.06.2010 |
50 |
ONGCL |
50 |
OIL |
| 11 |
AA-ONN-2009/4 |
30.06.2010 |
50 |
ONGCL |
50 |
OIL |
OIL AS JOINT OPERATOR (as on April 2011):
| Sl.No. |
Block No |
Date of Execution |
Company's Participating Interest(%) |
Other Partners |
Participating Interest(%) |
Operator |
| 1 |
AN-DWN-2009/3 |
30.06.2010 |
40 |
ONGCL |
60 |
ONGCL (O)
OIL (JO) |
OIL AS NON OPERATOR (as on April 2011):
| Sl.No. |
Block No |
Date of Execution |
Company's Participating Interest(%) |
Other Partners |
Participating Interest(%) |
Operator |
| 1 |
KG-DWN-98/4 |
12.04.2000 |
15 |
ONGCL |
85 |
ONGCL |
| 2 |
MN-OSN-2000/2 |
17.07.2001 |
20 |
ONGCL
GAIL
IOCL |
40
20
20 |
ONGCL |
| 3 |
AA-ONN-2001/ 3 |
04.02.2003 |
15 |
ONGCL |
85 |
ONGCL |
| 4 |
C Y-DWN-2001/1 |
04.02.2003 |
20 |
ONGCL |
80 |
ONGCL |
| 5 |
AA-ONN-2002/4 |
06.02.2004 |
10 |
ONGCL |
90 |
ONGCL |
| 6 |
KG-DWN-2002/1 |
06.02.2004 |
20 |
ONGCL
BPRL |
70
10 |
ONGCL |
| 7 |
KG-DWN-2004/ 5 |
02.03.2007 |
10 |
ONGCL
GAIL
GSPCL
HPCL
BPRL |
50
10
10
10
10 |
ONGCL |
| 8 |
KG-DWN-2004/6 |
02.03.2007 |
10 |
ONGCL
GAIL
GSPCL
HPCL |
60
10
10
10 |
ONGCL |
| 9 |
WB-ONN-2005/4 |
22.12.2008 |
25 |
ONGCL |
75 |
ONGCL |
| 10 |
KG-OSN-2009/4 |
30.06.2010 |
30 |
ONGCL
NTPC
APGIC |
50
10
10 |
ONGCL |
| 11 |
KG-DWN-2009/1 |
30.06.2010 |
15 |
BGEPIL
ONGCL
APGIC |
30
45
10 |
BGEPIL |
| 12 |
AN-DWN-2009/2 |
30.06.2010 |
40 |
ONGCL |
60 |
ONGCL |
| 13 |
MN-DWN-2002/1 |
06.02.2004 |
20 |
ONGCL
BPRL
ENI |
36
10
34 |
ONGCL |
| 14 |
AA-ONN-2009/3 |
30.06.2010 |
50 |
ONGCL |
50 |
ONGCL |
| 15 |
AA-ONN-2005/1 |
22.12.2008 |
30 |
ONGCL
ACL |
60
10 |
ONGCL |
| 16 |
AN-DWN-2009/1 |
30.06.2010 |
30 |
ONGCL |
70 |
ONGCL |
| 17 |
AN-DWN-2009/18 |
30.06.2010 |
30 |
ONGCL
GAIL |
60
10 |
ONGCL |
| 18 |
AN-DWN-2005/1 |
22.12.2008 |
10 |
ONGCL |
90 |
ONGCL |
Contract For Exploration & Production of Coal Bed Methane (as on April 2011):
| Sl.No. |
Block No |
Date of Execution |
Company's Participating Interest(%) |
Other Partners |
Participating Interest(%) |
Operator |
| 1 |
AS-CBM-2008/IV |
29.07.2010 |
40 |
DART Energy (AS) PTe Limited |
60 |
DART |
Acquisition of overseas exploration blocks and oil & gas properties is a strategic
focus area of OIL. To facilitate this strategy, the Government of India extended
the mechanism of Empowered Committee of Secretaries (ECS) for quick clearance
of overseas proposals of OIL in consortium with IOC and other Public Sector Companies
in December 2005.
OIL is actively pursuing opportunities to acquire producing E&P assets, exploration
acreages, etc. in Africa, Middle East, South East Asia, South America, CIS countries
and Russia, and is willing to associate with reputed companies to jointly fulfill
this objective. In India, OIL welcomes joint venture opportunities in gas-based
industries including the power sector and trunk pipeline ventures.
OIL provided E&P consultancy for the
first time since its inception to M/s Morris Petroleum, incorporated in Nigeria,
towards evaluation and submission of bids for development of marginal fields offered
by the Government of Nigeria through the Nigerian Petroleum Company.
- The block is located towards the north-eastern part of this geo-politically stable, oil-rich country.
- Aeromagnetic survey completed.
- 2D/3D Acquisition and Processing completed. Interpretation is in progress.
|
 Location: Interior Basin
Area: 3761 sq km
Consortium Partners
- OIL - 45% (Operator)
- IOCL - 45%
- Marvis Petroleum, Singapore - 10%
Past Exploration Activity
Work Commitment
- Reprocessing 2D Seismic data
- 700 km API of 2D Seismic, 1 well
- Wells: 1 no
|
- Exploration Service Agreement entered with National Iranian Oil Company (NIOC) in 2002.
- Earlier operators had drilled five (5) wells within the block and discovered oil and gas.
- Minimum Work Program completed.
- Drilled four wells. Oil has been discovered in two wells and gas in one well Oil & Gas Commerciality report has been submitted to NIOC.
- Gas discovery declared commercial by NIOC and named as FARZAD –B field .Oil discovery found to be non-commercial.
- Master Development Plan for the gas field submitted to NIOC.
|
 Location: Persian Gulf
Area: 3500 sq km
Water Depth: 20 - 90 Mts
Consortium Partners
- OIL (20%)
- OVL (40%, Operator)
- IOCL (40%)
Past Exploration Activity
- 2D Seismic and 3 wells, oil and gas discovery.
Work Commitment
- Exploration Phase - 4 years
- Reprocessing 2200 lkm of 2D seismic data
- API OF 2D/3D seismic of 17,000 lkm
- Drilling of 4 wells
|
- The Area is located in the scrub desert area of Western Libya.
- Consortium awarded Area in the EPSA Bid Round I, 2004.
- OIL stepped into the international arena for the first time as an operator, with the formal EPSA agreement signed in March 2005.
- Minimum Work Commitment completed.
|
 Location:Sirte Basin
Area: 7087 sq km
Consortium Partners
- OIL- 50% (Operator)
- IOCL- 50%
Past Exploration Activity
Work Commitment
- Exploration Period - 5years
- 2D - 1000 GLKM
- 2 wells
|
- The block is located in the scrub desert area of Western Libya. The block shares its northern boundary with Area 86.
- Consortium awarded block in the EPSA IV Bid Round II, 2005, EPSA signed in December 2005.
- Minimum Work Commitment completed.
|
 Location: West Sirte Basin
Area: 2710 sq km
Consortium Partners
- OIL - 50% (Operator)
- IOCL - 50%
Past Exploration Activity
Work Commitment
- Exploration Period - 5years
- 2D / 3D Seismic - 1000 GLKM / 500 sq km
- 1 well
|
- This area is located in Southwestern part of the Country adjoining the Algeria border.
- Consortium awarded block in EPSA, Bid Round IV, 2007.
- EPSA signed on May 25, 2008.
- Acquisition of 2D / 3D (part) seismic completed.
|
 Location: Ghadames Basin
Area: 6934 sq km
Consortium Partners
- SONATRACH - 50% (Operator)
- OIL - 25%
- IOC - 25%
Past Exploration Activity
- 2D Seismic of 1984-1996 vintage and 6 wells
Work Commitment
- Exploration Period - 5years
- 2D - 2000 GLKM
- 3D - 2600 Sq. Km.
- Wells - 08
|
- OIL farmed into JV M/s Suntera OPL 205 who acquired this onland block operated by M/s Summit Oil, Nigeria in 2005.
- M/s Summit Oil assigned 40% PI and 70% Working and Economic Interest to JV - M/s Suntera Nigeria OPL 205 Ltd.
- Block license has been converted from OPL 205 to OML142 for development of old gas /condensate discovery Formal award from Nigerian Government received.
|
 Location:Niger Delta-Anambra basin
Area: 1295 sq km
Working and Economic Interest
- M/s Summit Oil Intnl. Ltd. - 30%
M/s Suntera OPL 205 JV - 70%
[ Suntera Resources - 50% (Operator)(effective
35% PI )]
[OIL - 25% ( 17.5% effective PI)]
[IOC - 25 % ( 17.5% effective PI)]
Past Exploration Activity
- 2D seismic & 1 well, 1 gas / condenstate discovery
Work Commitment
- 3D Seismic Survey-200 Sq Km (contingent)
- 2 Appraisal Wells
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- The block is located in the southwestern flank part of Messila Basin and southern part of Mukalla high of Yemen onshore.
- Consortium was awarded the block in Third Yemen International Bid Round-2006.
- Minimum Work Program commenced.
|
 Location:Messila Basin
Area: 1853 sq km
Consortium Partners
- MEDCO - 38.25% (operator)
- Kuwait Energy - 21.25%
- YGCO (Yemen) - 15%
- OIL - 12.75%
- IOC - 12.75%
Past Exploration Activity
- 2D Seismic of 400 LKM & 1 well
Work Commitment
- (First Phase) 3 Years
- Reprocessing
- 2D API - 330 LKM
- 3D API - 170 Sq. Km.
- 3 Wells to be drilled
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- The block is located in the northeastern flank of Messila Basin of Yemen onshore.
- MEDCO led consortium was awarded the block in Third Yemen International Bid Round-2006.
- Minimum Work Program commenced.
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Location:Messila Basin
Area: 364 sq km
Consortium Partners
- MEDCO -38.25% (operator)
- Kuwait Energy - 21.25%
- YGCO (Yemen) - 15%
- OIL - 12.75%
- IOC - 12.75%
Past Exploration Activity
- Limited Seismic (100 Sq. Km.) of 1987 – 2001 vintages & 1 well
Work Commitment
- (First Phase) 3 Years
- Reprocessing
- 2D API - 330 LKM
- 3D API - 155 Sq. Km.
- 3 Wells to be drilled
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- The offshore acreage lies in the south eastern part of East Timor Island within the Timor Sea.
- OIL farmed into this Reliance Exploration and Production DMCC operated block on 2nd June’ 2008.
- Minimum Work Program completed.
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 Location:East Timor Leste
Area: 1788 Sq. Km.
Water Depth: 20-3000 Mts
Consortium Partners
- RIL - 75% (Operator)
- OIL - 12.5%
- IOC - 12.5%
Past Exploration Activity
Work Commitment
- (First Phase)-5 Years
- Acquisition of 3D seismic of 1200 sq.km
- Drilling of 1 well
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- Block 3 (South Quseir) is located in Red Sea area. Block 4 ( South Sinai) is located at junction of Gulf of Suez & Red Sea.
- GSPC led consortium was awarded these two blocks in GANOPE International Bid Round 2008.
- PSC signing is awaited.
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 Location: Gulf of Suez / Red Sea
Area: Block 3 (8287 sq.km)
Block 4 (2600 sq.km)
Water Depth: 200 - 1000 mts
Consortium Partners
- GSPC - 50% (Operator)
- OIL - 25%
- HPCL - 25%
| Block
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MWP
|
| 3
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Reprocessing of all existing 2D data
Gravity and Magnetic survey over entire block.
3D Seismic: 1300 Sq Km.
Wells: 2 (exploratory)
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| 4
|
Reprocessing of all existing 2D data
Gravity and Magnetic survey over entire block.
3D Seismic: 700 Sq Km.
Wells: 2 (exploratory)
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- Consortium has been awarded two development blocks (C1 Central & North) located in Carabobo area of Orinoco Heavy Oil Belt, , Venezuela.
- The project involves exploitation of the extra heavy crude, setting up of up-grader and marketing the product.
- Mixed Company Contract signed on 12th May, 2010 at Caracas.
- Drilling activities expected to start in 2011.
Current Status
The Mixed Company Contract between CVP ( a subsidiary of the National Oil Company - PDVSA) and the Minority Shareholders was signed on 12th May 2010. The Mixed company will be the entity executing operations in the block.
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 Location: Maturin Sub-basin (East Venezuela)
Area:383.12 Sq. Km.
Consortium Partners
- PDVSA - 60%
- Repsol: 11%
- OVL: 11%
- Petronas: 11%
- OIL: 3.5%
- IOC: 3.5%
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- Contract for execution of Product Pipeline from Al Rawyan to Port Sudan on Build, Operate, Lease and Transfer Basis.
- Completion Target Date: 30th October 2005.
- Project Completed: August 2005.
- Pipeline commissioned by Govt. of Sudan: 14th October 2005.
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 Pipeline length: 741 Km.
Consortium Partners
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