Enhancing Production and Offtake Arrangements slide image

Enhancing Production and Offtake Arrangements

B-80: Project at an advanced stage- 50% PI 8000 boepd (Barrel of oil equivalent per day) Expected Total Production (Phase I) 13% to 30% Share of Oil to increase in production mix H EC B-80 Development - Top Priority • Two subsea development wells are drilled and • completed and ready to flow Based on production tests both the wells are capable of producing 8,000 boepd • Optimize the operating costs through in-house MOPU and FSO for evacuation • • Processing system is ready to be mobilized and the systems for evacuation for oil and gas is to be completed in the fair weather window starting from November 2020 in the west coast B-80 development will mark HOEC's successful foray into the prolific Mumbai offshore basin The project is on track for production KKKKND KKKKK Maharashtra New Lead • New lead in Deccan Trap formation of a 6m interval • This interval can potentially produce oil and gas which needs to be tested • The new lead can potentially increase the value of the block. This is to be taken up in the subsequent drilling program 9
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