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 BLOCK D3 (NELP V)

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      Block D3
 

 
   
 
 
 


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The block comprises 3,288 km2 entirely covered by 3D seismic (equivalent to 14 North Sea blocks)

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10% interest in the KG-DWN-2003/1 (D3) deepwater exploration block in the Krishna-Godavari Basin

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JV partner with Reliance Industries (60%) and BP (30%)

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Four consecutive gas discoveries KGV-D3-A1, B1, R1 and W1 exploration wells

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Phase I work commitment of 6 exploration wells (4 wells drilled to date )

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Total gross risked Prospective Resources 3,959 BCF – December 2010


Situated in the emerging world-class petroleum system of the Krishna Godavari Basin on the east coast of India, the D3 exploration licence encompasses an area of 3,288 km2, in water depths of 400 m to 2,200 m, and is located approximately 45 km offshore. The D3 block is operated by Reliance. The minimum work programme for Phase I of the licence which ends in June 2013 requires the drilling of six exploration wells. To date, four consecutive gas discoveries have been made via KGV-D3-A1, B1, R1 and W1 exploration wells. The joint venture has acquired approximately 3,250 km2 of 3D seismic data over the block.

The participating interests (per cent.) for this licence are as follows:

Participating Interests (%)

AREA

HEPI BP RELIANCE

KG-DWN-2003/1 (D3)

10 30 60

 

 
 

Hardy Oil and Gas plc © 2012