Oil India Limited Corporate Presentation
28
Major Overseas Projects
ऑयल इंडिया लिमिटेड
( भारत सरकार का उद्यम )
Oil India Limited
(A Government of India Enterprise)
Area 1 Rovuma, Mozambique
OIL & OVL acquired 10% stake in Offshore Mozambique Area 1 in Jan 2014 Acquisition
Cost: US$2,519 mn (US$ 1,007 mn by OIL)
▲ Located in the Rovuma tertiary deltaic basin extending from coastal part Strategically
located to supply LNG to buyers from Asia and Middle East
-
Water depth over major gas fields in the range of 800 – 1,600 meters
▲ 50-75 tcf of recoverable resources
▲ Resource size supports 50 MMTPA of LNG
▲ FID in June 2019;
Project Financing: Secured debt drawdown commitment of USD 14.9 Bn, wet close in
March 2021.
Project is under Force Majeure since April 2021, on security concerns.
Participating Interest (4%)
TOTAL
(26.5%)
Mitsui USA (20%) ENH (15%)
(16%)
(10%)
(8.5%)
PTTEP
ONGID VIDESHView entire presentation