JVs / PSCs / Alliances Updated Date:09/01/2017



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.

DOMESTIC

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 July 2014:

JOINT VENTURES (as on July 2014):
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

OIL AS OPERATOR (as on July 2014):
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 MZ-ONN-2004/1 02.03.2007 85 Shiv-Vani 15 OIL
3 AA-ONN-2004/2 02.03.2007 100 - - OIL
4 RJ-ONN-2004/2 02.03.2007 75 GGR 25 OIL
5 KG-ONN-2004/1 02.03.2007 90 GGR 10 OIL
6 RJ-ONN-2005/2 22.12.2008 60 HMEL
HOEC
20
20
OIL
7 CY-OSN-2009/2 30.06.2010 50 ONGCL 50 OIL
8 AA-ONN-2009/4 30.06.2010 50 ONGCL 50 OIL
9 AA-ONN-2010/2 28.03.2012 40 ONGCL
GAIL
EWP
30
20
10
OIL
10 AA-ONN-2010/3 28.03.2012 40 ONGCL
BPRL
40
20
OIL
11 MB-OSN-2010/2 30.08.2012 50 BPRL
HPCL
20
30
OIL

OIL AS JOINT OPERATOR (as on July 2014):
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 July 2014):
Sl.No. Block No. Date of Execution Company's Participating Interest(%) Other Partners Participating Interest(%) Operator
1 MN-OSN-2000/2 17.07.2001 20 ONGCL
GAIL
IOCL
40
20
20
ONGCL
2 AA-ONN-2001/3 04.02.2003 15 ONGCL 85 ONGCL
3 AA-ONN-2002/4 06.02.2004 10 ONGCL 90 ONGCL
4 KG-DWN-2004/5 02.03.2007 10 ONGCL
GAIL
GSPCL
HPCL
BPRL
50
10
10
10
10
ONGCL
5 KG-DWN-2004/6 02.03.2007 10 ONGCL
INPEX
GAIL
GSPCL
HPCL
34
26
10
10
10
ONGCL
6 WB-ONN-2005/4 22.12.2008 25 ONGCL 75 ONGCL
7 KG-OSN-2009/4 30.06.2010 30 ONGCL
NTPC
APGIC
50
10
10
ONGCL
8 KG-DWN-2009/1 30.06.2010 15 BGEPIL
ONGCL
APGIC
30
45
10
BGEPIL
9 AN-DWN-2009/2 30.06.2010 40 ONGCL 60 ONGCL
10 AA-ONN-2009/3 30.06.2010 50 ONGCL 50 ONGCL
11 AA-ONN-2005/1 22.12.2008 30 ONGCL
ACIL
60
10
ONGCL
12 AN-DWN-2009/1 30.06.2010 30 ONGCL 70 ONGCL
13 AN-DWN-2009/18 30.06.2010 30 ONGCL
GAIL
60
10
ONGCL
14 AN-DWN-2005/1 22.12.2008 10 ONGCL 90 ONGCL
15 GK-OSN-2010/1 28.03.2012 30 ONGCL
GAIL
60
10
ONGCL

Contract For Exploration & Production of Coal Bed Methane (as on July 2014):
Sl.No. Block No. Date of Execution Company's Participating Interest(%) Other Partners Participating Interest(%) Operator
1 AS-CBM-2008/IV 29.07.2010 90 DART Energy (AS) PTe Limited 10 DART

Alliances
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.

OVERSEAS

LIBYA

Area 95/96 - Onshore Libya:

  • This area is located in the Ghadames basin in the Southwestern part of Libya.
  • In EPSA, Bid Round IV, 2007, the Consortium of M/s SIPEX, OIL and IOC won this oil-prolific onshore block.
  • The PSC has been signed on May 25, 2008
Current Status
  • 2D Seismic (2652 GLKM) and 3D (2891 Sq. Km) survey and Interpretation of data completed.
  • Total 5 wells drilled and discovered both oil and gas
    • 1st well: Oil Discovery
    • 2nd well: Good gas shows
    • 3rd well: Gas Discovery
    • 4th well: Oil & gas Discovery
    • 5th well: Gas Discovery
  • All operations suspended since 19.05.2014 due to hostile law & order situation
Location: Ghadames Basin
Area: 6934 sq km

Consortium Partners
  • SIPEX - 50% (Operator)
  • OIL - 25%
  • IOCL - 25%
Past Exploration Activity
  • 2D Seismic of 1984-1996 vintage and 06 wells
Work Commitment
  • Exploration Phase – August 2015
  • 2D - 2000 lkm
  • 3D - 2600 Sq. Km.
  • Wells : 08 Nos

GABON

Block SHAKTHI, Onshore Gabon, West Africa:

  • The block is located in the less explored interior basin towards the north-eastern part of this geo-politically stable, oil-rich country.
  • The block is adjacent to the Panocean Energy-operated producing Remboue oil field (Block ET 2000).
Current Status
  • Drilled 3 wells and discovered oil and gas in 3rd well
  • Locations for two appraisal wells released
  • Drilling of 1st appraisal well completed
  • Drilling of 2nd appraisal well is in progress
Location: Interior Basin
Area: 3761 sq.km

Consortium Partners
  • OIL -50% (Operator)
  • IOCL- 50%
Past Exploration Activity
  • Aero gravity, magnetic, 2D Seismic and wells
Work Commitment
  • Phase-I: 2 Appraisal Wells and 1200 GLKM closed grid 2D Seismic API
  • Phase-II: 1 Appraisal Well and 1 Exploratory Well
  • Phase-III: 1 Exploratory Well

NIGERIA

OML 142, Onshore Nigeria

  • OIL farmed into JV M/s Suntera Nigeria 205 who acquired this onland block operated by M/s Summit Oil, Nigeria in 2005
  • M/s Summit Oil assigned 40% PI and 30% Economic Interest to JV - M/s Suntera Nigeria 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.
  • 3D seismic data acquisition completed. Processing to commence.
Location: Niger Delta-Anambra basin
Area: 1295 sq km

Working and Economic Interest
  • M/s Summit Oil International. Ltd. – 30%
  • M/s Suntera Nigeria 205 JV - 70%
    [Suntera Resources – 50% (Operator)(effective 35% PI)]
    [OIL - 25% (17.5% effective PI)]
    [IOC - 25 % (17.5% effective PI)]

YEMEN

Block 82, Onshore Yemen

  • 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.
  • Seismic API in progress.
Location: Messila Basin
Area: 1853 sq km

Consortium Partners
  • MEDCO - 38.25% (Operator)
  • Kuwait Energy – 21.25%
  • YOGC - 15% (Carried Interest)
  • OIL - 12.75%
  • IOC – 12.75%

VENEZUELA

Project 1, Carabobo, Venezuela

  • 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 have commenced and are currently ongoing.
  • Early accelerated production commenced.
Location: Maturin Sub-basin (East Venezuela)
Area: 383.12 sq.km

Consortium Partners
Mixed Company (Operator)
  • PDVSA - 71%
  • OIL - 3.5%
  • IOCL - 3.5%
  • OVL - 11%
  • Repsol - 11%

USA

Niobrara Shale Asset

  • OIL acquired a 20% working interest in the liquid rich shale asset in the Denver-Julesburg Basin from Carrizo Oil & Gas, Inc. in October 2012.
  • Current production from the acreage to net to OIL is approx 1000 BOE/D
Location: Onshore Colorado, USA
Area: 248.88 sq km

Consortium Partners
  • Carrizo Oil & Gas, Inc. - 60% (Operator)
  • OIL - 20%
  • IOCL - 10%
  • Haimo Oil & Gas – 10%

MOZAMBIQUE

Area Rovuma 1 Offshore

  • OIL acquired a 4% participating interest in the natural gas rich (45-75 Tcf) asset January, 2014.
  • Tentative timeline for first LNG production is 2018.
Location: Offshore, Mozambique
Area: 9,653 sq km

Consortium Partners
  • Anadarko: 36.5% (Operator)
  • BPRL: 10%
  • PTTEP: 8.5%
  • Mitsui: 20%
  • BREML (Beas Rovuma Energy Mozambique Limited) (JV of OVL 60% and OIL 40%): 10%
  • ENH: 15% (Carried Interest )

BANGLADESH

Block SS-04

  • OIL signed the Production Sharing Contract on 17th February, 2014.
Location: Shallow Water Offshore, Bangladesh
Area: 7,269 sq km

Consortium Partners
  • OVL: 45% (Operator)
  • OIL: 45%
  • BAPEX: 10% (Carried Interest)

Block SS-09
  • OIL signed the Production Sharing Contract on 17th February, 2014.
Location: Shallow Water Offshore, Bangladesh
Area: 7,026 sq km

Consortium Partners
  • OVL: 45% (Operator)
  • OIL: 45%
  • BAPEX: 10% (Carried Interest)

MYANMAR

Block M-4

  • OIL awarded the Block in March, 2014
  • PSC to be signed
Location: Shallow Water Offshore, Myanmar
Area: 10,421 sq km

Consortium Partners
  • OIL: 60% (Operator)
  • Mercator Petroleum: 25%
  • Oilmax Energy : 10%
  • Oilstar: 5 % (Carried Interest)

Block YEB
  • Block awarded to OIL in March, 2014
  • PSC to be signed
Location: Shallow Water Offshore, Myanmar
Area: 21,380 sq km

Consortium Partners
  • OIL: 60% (Operator)
  • Mercator Petroleum: 25%
  • Oilmax Energy : 10%
  • Oilstar: 5 % (Carried Interest)

RUSSIA

License 61

  • OIL acquired a 50% participating interest in the oil producing block with effect from 1st, January, 2014.
  • Current Production share net to OIL is 1050 BOPD
Location: Onshore Russia
Area: 4,991 Sq Km

Consortium Partners
  • OIL: 50%
  • Petroneft Resources Plc (Operators)

Product Pipeline, Sudan
  • 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
Pipeline length: 741 Km.

Consortium Partners
  • OVL - 90%
  • OIL - 10%