Investor Presentaiton

Exploration and Production Regime in India State Monopoly Liberalization of E&P Sector (1997-2009) 9 NELP and 4 CBM rounds. 254 exploratory and 33 CBM blocks through competitive bidding New Domestic Gas Pricing Guidelines Successful completion of DSF 2016 134 e-bids received for 34 contract areas ✓ 31 contract areas awarded ✓ 22 Companies shortlisted (15 new Entrants) 2009 1948 1991 1997 2014 2015 2016 Beginning of de-regulation 28 producing fields and 28 exploratory blocks offered including private players Nomination Era Pre-NELP PSCs Discovered Small Field Policy NELP/CBM PSCS Further liberalization of the sector ✓ Discovered small field bid round 2016 ✓ Hydrocarbon Exploration & Licensing Policy ✓ Open Acreage Licensing ✓ Revenue Sharing Model Pricing Guidelines for difficult gas fields Future

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