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Milestones / Performance

RAVVA Milestones:

October 1994 PSC signed
November 1995 Drilling Rig arrived on 3 year contract
August 1996 First Offshore Crude Oil Loading
  Project implemented at USD 110 million
December 1996 Achieved target production of 35,000 BOPD
January/April 1997 First Gas delivery/Sales
November 1998 Drilling Programme completed
Year 1998 Water Injection 60,000 BOPD
December 1998 Rate increase to 50,000 BOPD
February 2001 3D OBC Survey completed
August 2001 Satellite Gas Field Development
Sept. 2001 Sales to GAIL increased from 0.7 MMM3/day to 1.9 MMM3/day
Year 2005 Water Injection 90,000 BOPD – Year 2002. Further increased to 2.7 MMM3/day
February 2006 onwards Infill Well Drilling Programme


Performance:

The RAVVA Project has met its commitments as given in the PSC. As against an initial expected oil reserves of 100 million barrels, the current estimated reserves from “Existing discoveries” is around 252 million barrels. As against a commitment of 35,000 BOPD plateau production, the production has been enhanced to 50,000 BOPD from December 1998.

The oil production from RAVVA is approximately 8% of India’s total production.

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