Cauvery Basin
- CY-OSN-2009/1 (Bengal 100%) 1,362 km² - $US2MM bid four-year capital program
- Two offsetting exploration blocks within 50 km have expenditures of US$200 million planned over 4 years
- 31 established fields – 18 oil, 13 gas
(2 offset the block)
- Tertiary 28%
- Cretaceous 62%
- Basement targets 10%
- Light oil prone (35 - 52º API)
- 65% oil discoveries
- Basin area - 55,000 km² (equivalent to Peace River Arch in Canada)
- 495 exploration wells drilled to date 1 well / 30,808 acres
CY-OSN-2009-1 - Cauvery Basin
- 340,000 acre block
- Seven-year (4+3) term
- Light work program ~$2MM seismic (no drilling obligation for next four years)
- Offset block immediately to east has three firm wells in four years
- Prospect depth 4,200 – 4,500 m (375 m water)
- Play area 18,000 acres
Offshore Upside - India's New Paradigm
- On Feb. 21, 2011, BP showed significant confidence in India's hydrocarbon potential on the east coast through one of the largest foreign investments in India
- BP agreed to pay Reliance Industries Limited US$7.2 billion for a 30% WI in 23 production sharing contracts covering 270,000 km² of primarily offshore exploration acreage
- In India, Bengal has a 100% interest in 1,362 km² offshore and a 30% interest in 946 km² onshore
Onshore Activity - CY-ONN-2005/1
- CY-ONN-2005/1 (Bengal 30%) 930 km² - $US5.4MM bid four-year capital program
- Partners GAIL and GSPC are well-established NOCs
- GAIL controls 70% of the gas infrastructure in India
- 2D reprocess underway
- 700 km² 3D seismic planned for first half of 2011
Disclaimers
- Note 1 – Analogous Information. Certain noted drilling and completion data provided on this website may constitute “analogous information”, such as flow-rates from offset wells drilled by the Company or other industry participants and in geographical proximity to lands held by the Company. This information is derived from publicly available information sources that the Company believes are predominantly independent in nature. The Company believes this information is relevant as it helps to define the reservoir characteristics in which the Company may have an interest. The Company is unable to confirm that the analogous information was prepared by a qualified reserves evaluator or auditor or in accordance with the COGEH and therefore, the reader is cautioned that the data relied upon by the Company may be in error, may not be analogous to the Company’s land holdings and/or may not be representative of actual results of wells anticipated to be drilled or completed by the Company in the future.
- Note 2 – Source: Page 233, Oil-Infraline, Oil & Gas Exploration and Production in India: A Reference Book 2009. Prepared by – Infraline Energy Research and Information Services