Lok Sabha Question No. 3100 (UNSTARRED), answered on 2016-12-05
Subject: Farzad-B Gas Fields
Ministry: PETROLEUM AND NATURAL GAS
Asked by: PARVESH SAHIB SINGH, CHANDRAKANT BHAURAO KHAIRE, VIRENDRA  KUMAR

## LOK SABHA UNSTARRED QUESTION NO.3100 TO BE ANSWERED ON 5 TH  DECEMBER, 2016

## FARZAD-B GAS FIELDS

3100.  SHRI PARVESH SAHIB SINGH: SHRI CHANDRAKANT KHAIRE: DR. VIRENDRA KUMAR:

## पैट्रोलियम और प्राक ृ लिक गैस मंत्री

Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

- a.  whether negotiations have been held the Farzad-B gas fields between Iran and overseas arm of Oil and Natural Gas Corporation Limited (ONGC) for development of reserves and set up plant there and if so, the progress made in this regard and outcome of the said nogotiations;
- b.  whether India and Iran have signed/ proposes to sign an agreement/ Memorandum of Understanding (MoU) to enhance cooperation in the oil and gas/ hydrocarbon sector and to study explore the feasibility of gas pipeline;
- c.  if so, the details thereof along with the time by which the said agreement/MoU is likely to be finalised;
- d.  the details of oil and gas blocks acquired abroad by ONGC/ONGC Videsh Limited (OVL)/Oil Marketing Companies  (OMCs)  along with status of commercial production and quantum of oil and gas produced and supply to the country so far, company/country/block-wise;
- e.  whether  ONGC/OVL  and  OMCs  including  IOCL  have  bought/proposes  to  buy stake in foreign countries and have signed agreements in the oil/gas sector; and
- f. if so, the details thereof along with the amount proposed to be invested as a result of  these  agreements  and  MoU  and  the  benefits  likely  to  accrue  to  the  country therefrom, company/block-wise?

## ANSWER

पैट्रोलियम और प्राक ृ लिक गैस मंत्रािय में राज्य मंत्री ( स्विंत्र प्रभार ) ( श्री धमेन्द्र प्रधान )

MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI DHARMENDRA PRADHAN)

- (a) Farzad  B  field  had  been  awarded  by  Iran  to  an  Indian  consortium  comprising ONGC Videsh Ltd (OVL), IOCL and OIL for exploratory activities. The consortium discovered gas in the field.  Indian side submitted a Master Development Plan to the Iranian side. Agreement on the same and Development Service Contract has not yet been concluded.
- (b) No Madam
- (c) Does not arise
- (d) The details of oil and gas blocks acquired by Indian PSUs is placed at Annexure-I.
- (e) & (f): An Indian Consortium, comprising Indian Oil Corporation Limited (IOCL), Oil India Limited (OIL) and Bharat Petro Resources Limited (BPRL), acquired 29.9% stake  in  Taas-Yuryakh  and  23.9%  stake  in  Vankorneft  Oil  and  Gas  fields  from Russian  National  Oil  Company  Rosneft.  Separately,  OVL  also  acquired  total  of 26% stake in Vankorneft oil and gas field from Rosneft. The total investment made by the four companies is around US $ 5.46 billion and the acquisition is estimated to provide 15.18 million metric ton of oil equivalent per annum to India.

*****

## Annexure-I

## ANNEXURE REFERRED TO IN REPLY TO PARTS (b) TO (f) OF LOK SABHA UNSTARRED QUESTION NO.3100 TO BE ASNSWERED ON 5 TH  DECEMBER, 2016 REGARDING FARZAD B GAS FIELDS

## OVERSEAS PROJECTS/ASSESTS

| Sl. No.   | Country   | Name of the Project     | Participating Companies and their Share                                                 | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD   | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE   | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-----------|-------------------------|-----------------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
| 1.        | Vietnam   | Block 06.1, Offshore    | ONGC Videsh- 45% TNK-35% (Operator) Petrovietnam-20%                                    | NA                                                               | NA                                                             | USD 433.15 Million 1.688                                        |                                                                  |                                                                  |
| 1.        | Vietnam   | Block 128, Offshore     | ONGC Videsh- 100%                                                                       | NA                                                               | NA                                                             | USD 50.88 Million NA                                            |                                                                  |                                                                  |
| 2.        | Russia    | Sakhalin-1, Offshore    | ONGC Videsh - 20% Exxon Mobil -30% (Operator) Sodeco - 30% SMNG - 11.5% RN Astra - 8.5% | NA                                                               | NA                                                             | USD 6453.30 Million 2.330                                       |                                                                  |                                                                  |
| 2.        | Russia    | Imperial Energy, Russia | ONGC Videsh- 100%                                                                       | NA                                                               | NA                                                             | USD 2754.59 Million 0.335                                       |                                                                  |                                                                  |
|           |           | Vankorneft              | ONGC Videsh 26% OIL, IOCL, BPRL - 23.9%                                                 | NA                                                               | NA                                                             | USD 4218 million                                                |                                                                  |                                                                  |
|           |           | Taas- Yuryakh           | OIL, IOCL, BPRL - 29.9%                                                                 |                                                                  |                                                                | US D 1242 million                                               |                                                                  |                                                                  |
|           |           | License 61              | OIL: 50%                                                                                | NA                                                               | Inv: USD                                                       | NA                                                              |                                                                  |                                                                  |

| Sl. No.   | Country     | Name of the Project                           | Participating Companies and their Share                                     | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD   | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE   | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-------------|-----------------------------------------------|-----------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
|           |             |                                               | Petroneft: 50%                                                              |                                                                  | 85.12 Mn Prod: 1786 BOPD (as on 24 Jul 2016)                   |                                                                 |                                                                  |                                                                  |
| 3.        | Sudan       | GNPOC, Block 1, 2 & 4, Sudan                  | ONGC Videsh - 25% CNPC - 40% Petronas - 30% Sudapet - 5% (Jointly Operated) | NA                                                               | NA                                                             | USD 2249.03 Million 0.627                                       |                                                                  |                                                                  |
| 3.        | Sudan       | Khartoum- Port Sudan Pipeline (741 Km), Sudan | ONGC Videsh- 90% (Operator) OIL-10%                                         | NA                                                               | Investment: USD 12.19Mn Prod: NA                               | USD 158.01 Million NA                                           |                                                                  |                                                                  |
| 4.        | South Sudan | GPOC, Block 1, 2 & 4, South Sudan             | ONGC Videsh - 25% CNPC - 40% Petronas - 30% Nilepet - 5% (Jointly Operated) | NA                                                               | NA                                                             | USD 18.81 Million 0                                             |                                                                  |                                                                  |
| 4.        | South Sudan | SPOC/Bloc k 5A, South Sudan                   | ONGC Videsh- 24.125% Petronas-67.875% Nilepet - 8% (Jointly Operated)       | NA                                                               | NA                                                             | USD 460.09 Million                                              |                                                                  |                                                                  |
| 5.        | Myanmar     | Block A-1, Myanmar                            | ONGC Videsh - 17%                                                           | NA                                                               | NA                                                             | A1: USD 343.17Million                                           |                                                                  |                                                                  |

| Sl. No.   | Country   | Name of the Project                           | Participating Companies and their Share                                                                         | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD   | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE   | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-----------|-----------------------------------------------|-----------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
|           |           |                                               | Daewoo-51% (Operator) KOGAS - 8.5% GAIL - 8.5% MOGE - 15%                                                       |                                                                  |                                                                | A3: USD 130.10Million A1&A3: 0.891 USD 71.48 Million NA         |                                                                  |                                                                  |
|           |           | Block A-3, Myanmar                            | ONGC Videsh - 17% Daewoo-51% (Operator) KOGAS - 8.5% GAIL - 8.5% MOGE - 15%                                     | NA                                                               | NA                                                             | A3: USD 130.10Million A1&A3: 0.891 USD 71.48 Million NA         |                                                                  |                                                                  |
|           |           | Shwe Offshore Mid-Stream Project, Myanmar     | ONGC Videsh - 17% Daewoo-51% (Operator) KOGAS - 8.5% GAIL - 8.5% MOGE - 15%                                     | NA                                                               | NA                                                             |                                                                 |                                                                  |                                                                  |
|           |           | Onshore Gas Transportati on Pipeline, Myanmar | ONGC Videsh - 8.347% CNPC-SEAP - 50.9% (Operator) Daewoo - 25.041% GAIL - 4.1735% KOGAS - 4.1735% MOGE - 7.365% | NA                                                               | NA                                                             | USD 149.60 Million NA                                           |                                                                  |                                                                  |
|           |           | Block B-2,                                    | ONGC Videsh - 97% (Operator) M&S - 3%                                                                           | NA                                                               | NA                                                             | USD 2.31 Million NA                                             |                                                                  |                                                                  |
|           |           | Block EP-3,                                   | ONGC Videsh -                                                                                                   | NA                                                               | NA                                                             | USD 1.82                                                        |                                                                  |                                                                  |

| Sl. No.   | Country     | Name of the Project   | Participating Companies and their Share                                                               | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD           | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE                | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-------------|-----------------------|-------------------------------------------------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------------|-----------------------------------------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------|
|           |             | Myanmar               | 97% (Operator) M&S - 3%                                                                               |                                                                  |                                                                        | Million NA                                                      |                                                                               |                                                                  |
|           |             | Block: M4, Myanmar    | OIL:60% (Op) Oilmax: 10% Mercator: 25% Oil Star:5%                                                    |                                                                  | Investment: USD 0.21Mn Prod: NA as the Block is under exploration.     |                                                                 |                                                                               |                                                                  |
|           |             | Block :YEB, Myanmar   | OIL:60% (Op) Oilmax: 10% Mercator: 25% Oil Star:5%                                                    |                                                                  | Investment: USD 0.21Mn Prod: NA as the Block is under exploration.     |                                                                 |                                                                               |                                                                  |
| 6.        | Mozambiq ue | Rovuma Area-1         | ONGC Videsh - 16% Anadarko - 26.5% (Operator) OIL - 4% ENH - 15% Mitsui - 20% BPRL - 10% PTTEP - 8.5% | NA                                                               | Investment: USD 1079.75 Mn Prod: NA as the Block is under Developmen t | USD 4409.48 Million NA                                          | Investment till June 2016: US$ 567.5MM Commercial production yet to commence. |                                                                  |
| 7         | Iraq        | Block 8, Iraq         | ONGC Videsh - 100%                                                                                    | NA                                                               | NA                                                                     | USD 1.03 Million NA                                             |                                                                               |                                                                  |

| Sl. No.   | Country   | Name of the Project           | Participating Companies and their Share                                                    | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD          | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE   | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-----------|-------------------------------|--------------------------------------------------------------------------------------------|------------------------------------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
| 8.        | Iran      | Farsi Offshore Block, Iran    | ONGC Videsh - 40% (Operator) IOC - 40% OIL - 20%                                           | US$ 37.38 Million / NA                                           | Investment: USD 18.56Mn Prod: NA as the Block is yet to be developed. | USD 35.66 Million NA                                            |                                                                  |                                                                  |
| 9.        | Libya     | Block 43, Libya               | ONGC Videsh- 100%                                                                          | US$ 35.58 Million / NA                                           | NA                                                                    | USD 42.19 Million                                               |                                                                  |                                                                  |
|           |           | Area 95-96                    | Sonatrach - 50% Indian Oil - 25% OIL - 25%                                                 | NA                                                               | Investment: USD 36.64Mn Prod: NA as the Block is under exploration.   |                                                                 |                                                                  |                                                                  |
| 10.       | Syria     | Block 24, Syria               | ONGC Videsh - 60% IPR International - 25% (Operator) Tri Ocean Mediterranean - 15%         | NA                                                               | NA                                                                    | USD 70.09 Million NA                                            |                                                                  |                                                                  |
| 10.       |           | Al Furat Petroleum Co., Syria | Himalaya Energy (Syria) B.V. - 33.33% to 37.5% Shell - 66.67% to 62.5% (Operator -Al Furat | NA                                                               | NA                                                                    | USD 278.51 Million 0                                            |                                                                  |                                                                  |

| Sl. No.   | Country   | Name of the Project                                 | Participating Companies and their Share                                      | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD   | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE   | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-----------|-----------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
|           |           |                                                     | Petroleum Company)                                                           |                                                                  |                                                                |                                                                 |                                                                  |                                                                  |
| 11.       | Brazil    | Block BM- SEAL-4, Brazil                            | ONGC Videsh- 25% Petrobras -75% (Operator)                                   | NA                                                               | NA                                                             | USD 59.29 Million NA                                            |                                                                  |                                                                  |
| 11.       | Brazil    | BC-10, Brazil, Offshore                             | ONGC Videsh - 27% Shell - 50% (Operator) Qatar Petroleum International - 23% | NA                                                               | NA                                                             | USD 1886.20 Million 0.689                                       |                                                                  |                                                                  |
| 12.       | Colombia  | Mansarovar Energy Colombia Limited (MECL), Colombia | ONGC Videsh-25- 50%, Sinopec-25-50% Ecopetrol-50% (Jointly Operated)         | NA                                                               | NA                                                             | USD 1101.59 Million 0.623                                       |                                                                  |                                                                  |
| 12.       | Colombia  | Block RC-8, Colombia                                | ONGC Videsh - 40% (Operator) Ecopetrol - 40% Petrobras - 20%                 | NA                                                               | NA                                                             | USD 7.49 Million NA                                             |                                                                  |                                                                  |
| 12.       | Colombia  | Block RC-9, Colombia                                | ONGC Videsh - 50% Ecopetrol - 50% (Operator)                                 | NA                                                               | NA                                                             | USD 12.75 Million NA                                            |                                                                  |                                                                  |
| 12.       | Colombia  | Block RC- 10, Colombia                              | ONGC Videsh - 50% (Operator) Ecopetrol - 50%                                 | NA                                                               | NA                                                             | USD 14.92 Million NA                                            |                                                                  |                                                                  |
| 12.       | Colombia  | Block LLA- 69,                                      | ONGC Videsh - 50%                                                            | NA                                                               | NA                                                             | USD 3.09 Million                                                |                                                                  |                                                                  |

| Sl. No.   | Country     | Name of the Project           | Participating Companies and their Share                                               | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD    | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE   | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-------------|-------------------------------|---------------------------------------------------------------------------------------|------------------------------------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
|           |             | Colombia                      | SIPC - 50% (Jointly Operated)                                                         |                                                                  |                                                                 | NA                                                              |                                                                  |                                                                  |
|           |             | Block GUA OFF 2, Colombia     | ONGC Videsh - 100%                                                                    | NA                                                               | NA                                                              | USD 1.85 Million NA                                             |                                                                  |                                                                  |
|           |             | CPO-5, Colombia               | ONGC Videsh - 70% (Operator) Petrodorado - 30%                                        |                                                                  |                                                                 | USD 67.62 Million NA                                            |                                                                  |                                                                  |
|           |             | SSJN7, Colombia               | ONGC Videsh - 50% Pacific Rubieales Energy (PRE) - 50% (Operator)                     |                                                                  |                                                                 | USD 9.82 Million NA                                             |                                                                  |                                                                  |
| 13        | Venezuela   | San Cristobal Project,        | ONGC Videsh- 40% PDVSA-60% (Jointly Operated)                                         |                                                                  | NA                                                              | USD 486.81 Million 0.649                                        |                                                                  |                                                                  |
| 13        |             | Carabobo-1 Project, Venezuela | ONGC Videsh - 11% IOC - 3.5% OIL - 3.5% Petronas - 11% PDVSA - 71% (Jointly Operated) | US$ 57.64 Million / 791                                          | Investment: USD 58.3Mn Prod: 809 BOPD ( as on 24 th July, 2016) | USD 219.36 Million 0.119                                        |                                                                  |                                                                  |
| 14        | Kazakhsta n | Satpayev Project, Kazakhstan  | ONGC Videsh - 25% KMG - 75% (Operator)                                                | NA                                                               | NA                                                              | USD 204.90 Million NA                                           |                                                                  |                                                                  |
| 15.       | Azerbaijan  | ACG, Azerbaijan               | ONGC Videsh- 2.7213% BP-36% (Operator)                                                | NA                                                               | NA                                                              | USD 1005.16 Million                                             |                                                                  |                                                                  |

| Sl. No.   | Country     | Name of the Project                | Participating Companies and their Share                                                                                                            | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD       | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE   | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-------------|------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------|--------------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
|           |             |                                    | SOCAR-12% Chevron-11% INPEX-11% Exxon-8% StatOil-8% TPAO-7% ITOCHU-4%                                                                              |                                                                  |                                                                    | 0.965                                                           |                                                                  |                                                                  |
|           |             | BTC Pipeline (1760 Km), Azerbaijan | ONGC Videsh- 2.36% BP-30.1% (Operator) SOCAR-25% StatOil-8.71% TPAO-6.53% ITOCHU-3.4% Chevron-8.9% INPEX-2.5% ENI-5% TOTAL-5% Conoco Philips- 2.5% | NA                                                               | NA                                                                 | USD 70.07 Million NA                                            |                                                                  |                                                                  |
| 16.       | Banglades h | Block SS4, Bangladesh              | ONGC Videsh - 45% (Operator), OIL - 45% BAPEX - 10%                                                                                                | NA                                                               | Investment: USD 1.30Mn Prod: NA as the Block is under exploration. | USD 0.66 Million NA                                             |                                                                  |                                                                  |
| 16.       |             | Block SS9, Bangladesh              | ONGC Videsh - 45% (Operator),                                                                                                                      | NA                                                               | Investment: USD                                                    | USD 0.96 Million                                                |                                                                  |                                                                  |

| Sl. No.   | Country     | Name of the Project     | Participating Companies and their Share                                                       | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD   | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE                | Investment and Status of Commercial Production (HPCL) in MMTOE                                                                                                   |
|-----------|-------------|-------------------------|-----------------------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------|-----------------------------------------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |             |                         | OIL - 45% BAPEX - 10%                                                                         |                                                                  | 1.64Mn Prod: NA as the Block is under Exploration              | NA                                                              |                                                                               |                                                                                                                                                                  |
| 17.       | New Zealand | Block- 14TAR-R1,        | ONGC Videsh - 100%                                                                            | NA                                                               | NA                                                             | USD 0.02 Million NA                                             |                                                                               |                                                                                                                                                                  |
| 18.       | Indonesia   | Nunukan Block           | BPRL- 12.5% PT Pertamina Hulu Energy-35% (operator) PT Medico - 40% Videocon Indonesia -12.5% | NA                                                               | NA                                                             | NA                                                              | Investment till June 2016: US$ 43.48MM Commercial production yet to commence. |                                                                                                                                                                  |
| 19.       | Australia   | Block EP - 413 (onland) | BPRL- 27.803%                                                                                 | NA                                                               | NA                                                             | NA                                                              | Investment till June 2016: AUD 12.5MM Commercial production yet to commence.  |                                                                                                                                                                  |
|           |             | T/L 1 & T/18P           | -                                                                                             | NA                                                               | NA                                                             | NA                                                              | NA                                                                            | Prize Petroleum Company Ltd. (PPCL), a wholly owned subsidiary and upstream arm of HPCL, had acquired minority stake in two E&P assets (11.25% in T/L1 license & |

|   Sl. No. | Country    | Name of the Project                             | Participating Companies and their Share                                       | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD   | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE                | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|------------|-------------------------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------|-----------------------------------------------------------------|-------------------------------------------------------------------------------|------------------------------------------------------------------|
|        20 | East Timor | Block JPDA 06-103                               | BPRL- 20%                                                                     | NA                                                               | NA                                                             | NA                                                              | Investment till June 2016: US$ 20.31MM Commercial production yet to commence. |                                                                  |
|        21 | USA        | Niobrara Shale Oil/Conden sate JV asset         | Carrizo (Niobrara) LLC - 60% OIL - 20% Indian Oil - 10% Haimo Oil & Gas - 10% | US$ 80.83 Million / 429                                          | Investment: USD 155.49Mn Prod: 308 BOPD as on 19 th Jul 2016   |                                                                 |                                                                               |                                                                  |
|        22 | Canada     | Eagle Ford Shale acreage in Texas State Pacific | GAIL 20% PI US $ 246.02 million. Progress Energy                              | 3,276.5 Mboe of shale gas US$ 1365.95                            | NA                                                             | NA                                                              |                                                                               |                                                                  |

| Sl. No.   | Country   | Name of the Project   | Participating Companies and their Share                                                      | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD         | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE   | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-----------|-----------------------|----------------------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------------|-----------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
|           |           | Northwest LNG Project | Canada Ltd. - 62% Sinopec - 15% Indian Oil - 10% Japex - 10% Petroleum Brunei - 3%           | Million / 9675                                                   |                                                                      |                                                                 |                                                                  |                                                                  |
| 23.       | Nigeria   | OPL- 205 OML - 142    | Summit Oil 30% Suntera Nigeria 205 Ltd - 70% Suntera 50%, Indian Oil 25%                     | US$ 16.21 Million / NA                                           | Investment: USD 15.997Mn Prod: NA as the Block is under exploration. | NA                                                              |                                                                  |                                                                  |
| 24.       | Gabon     | Shakthi               | Old PSC: OIL - 45% Indian Oil - 45% Marvis Pte Ltd - 10% New PSC: OIL - 50% Indian Oil - 50% | US$ 72.08 Million / NA                                           | Investment: USD 72.18Mn Prod: NA as the Block is under Developmen t  | NA                                                              |                                                                  |                                                                  |
| 25.       | Yemen     | 82                    | Medco - 45% Kuwait Energy - 25% IOC- 15% OIL- 15%                                            | US$ 4.84 Million / NA                                            | Investment: USD 6.02Mn Prod: NA as the Block is under exploration.   | NA                                                              |                                                                  |                                                                  |
| 26.       | Brazil    | BM-SEAL-              | Petrobras                                                                                    |                                                                  |                                                                      |                                                                 | Investment till June                                             |                                                                  |

| Sl. No.   | Country   | Name of the Project                  | Participating Companies and their Share                                             | Investment and Status of Commercial Production (IOCL) in Boe/d   | Investment and Status of Commercial Production (OIL) in BOPD   | Investment and Status of Commercial Production (OVL) in MMTOE   | Investment and Status of Commercial Production (BPRL) in MMTOE                  | Investment and Status of Commercial Production (HPCL) in MMTOE   |
|-----------|-----------|--------------------------------------|-------------------------------------------------------------------------------------|------------------------------------------------------------------|----------------------------------------------------------------|-----------------------------------------------------------------|---------------------------------------------------------------------------------|------------------------------------------------------------------|
|           |           | 11 (3 blocks), Sergipe Basin         | (Operator)- 60%, IBV 40%                                                            |                                                                  |                                                                |                                                                 | 2016: US$ 410.9MM Commercial production yet to commence.                        |                                                                  |
|           |           | BM-C-30 (1 block), Campos Basin      | Anadarko Petroleum (Operator) - 30%, British Petroleum - 25%, Maersk - 20%, IBV 25% |                                                                  |                                                                |                                                                 | Investment till June 2016: US$ 100.96 MM Commercial production yet to commence. |                                                                  |
|           |           | BM-POT-16 (2 blocks), Potiguar Basin | Petrobras 30% (Operator), BP - 30%, Galp Energia - 20%, IBV 20%                     |                                                                  |                                                                |                                                                 | Investment till June 2016: US$ 36.28MM Commercial production yet to commence.   |                                                                  |