HPCL E & P Brochure August 09 vr 4 - Hindustan Petroleum ...

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OVERSEAS EXPLORATION ASSETS
OF HP-E&P
Oman Block 56
The acquisition of assets overseas was initiated during 2005 and some early success has been registered in terms of discoveries
and award of additional assets during 2008.
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HP-E&P has been actively participating in various competitive bid rounds announced at some select countries in joint
collaboration and consortium with leading NOC of country. During the past few years, the countries of interest for in this
strategic bidding intent have been : Oman, Yemen, Iran, Australia, Indonesia, Angola, Egypt, Algeria and Tunisia. The
resources have been allotted in order to suitably and selectively develop overseas assets portfolio and set up a foot-print in
international arena. A brief on status of the current overseas blocks is as under :-
Oman onshore Block-56
Oman Block-56 was awarded during July 2006 by Ministry for Oil & Gas (MOG), Sultanate of Oman to the consortium
consisting : M/s Oilex, Australia (25%), HPCL (12.5%), BPCL (12.5%), GAIL (25%) and Videocon (25%). The block is located at
the SE flank of Southern Salt Basin, of area: 5809 sq Km and adjacent to PDO Block-6 producing area.
So far, 7 exploratory wells have been drilled, including 1 exploratory-appraisal well, targeting formations of Gharif, Al-Khlata
and Huqf-Haima group. Some ecouraging discoveries have been achieved at 2 wells with Crude API at 16-20. The balance
MWP includes drilling of 4 wells and 3-D Seismic API. Additional well testing plans and forward strategy for block-wide
prospectivity are being taken up.