Investor Presentaiton

Investment in Oil & Gas blocks: Potential value accretion Adani Welspun Exploration Ltd Block Name Location AWEL Stake WEL Effective Stake MB-OSN-2005/2 Mumbai 100.0% Offshore 35.0% GK-OSN-2009/1 Kutch Offshore 25.0% 8.75% (AWEL), a 65:35 JV between Adani Group & WEL, is the key investment vehicle CB-ONN-2005/4 Cambay Basin * 35.0% B9 Cluster (DSF) Mumbai 100.0% Offshore 35.0% Status AWEL drilled a well and had made a hydrocarbon discovery wherein three layers. have proven to be gas bearing, two layers have flown good amount of gas to surface. A discovery has been declared and plans are on for early monetization though development. The field development plan is currently being finalized. Estimated resources and reserves are under finalization. FDP (Field Development Program) is under revision and finalization by the Operator ONGC based on which the commercial viability will be decided. Ministry has turned down the request letter of the 90% consortium for allowing them to carry out operations in the Block. Other remedies are being explored. A well has been drilled and data evaluation studies are in progress following which, resource and reserve/ reserve estimation has been taken up and further Field Development studies are being carried out. Revenue from first block expected in FY25-26 WELSPUN ENTERPRISES LIMITED 32

View entire presentation