Investor Presentaiton
Major Overseas Projects (Contd...)
License 61, Tomsk Region, Russia
Acquired 50% PI at US$35 mn. w.e.f. 1st Jan 2014
Also funding Development Capex of US$ 45 mn
and production bonus of US$ 5 mn
◆ Contains seven known oil fields having 2P reserve
of 117.1 Mn bbl
The License has over 25 prospects and leads
Project Profile
◆ Near Term Production : 5,000 BOPD
Expected peak production: 22,600 BOPD
◆ Projected Pay back period: 7 years
Processing facilities of 15,000 BOPD in place
Pipeline agreements for crude evacuation in place
Location
• Western Siberia
Area
4,991 SQ. KMS
Current Status
◆ Three rigs currently deployed
◆ Seismic API of 1000 LKM is under
progress
◆ Current production > 2300 BOPD
Consortium Partners
PetroNeft Resources
OIL
50%
50%
Low cost entry into one of the most hydrocarbon prolific region of Western Siberia
Average acquisition cost ~ US$ 2 per bbl of 2P reserve
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Oil India LimitedView entire presentation