Information on

ONGC Videsh Ltd.

June 2010
 Contents

Projects – Global Foot print

Producing Properties

Production – Oil & Gas - FY’07 to FY’10

Reserves – 1P/2P/3P – FY’07 to FY’10

Status of OVL Assets

2
 E&P Global Footprint
7 Under
40* Projects in 15 Countries 23 Exploration
Development
9 Producing

Venezuela 1 1
2 Russia
Cuba 2
2 3 Myanmar
Colombia 5 1
1 2 Vietnam

Brazil 4 1

Libya 3
1 Iran
Nigeria 2

Nigeria JDZ 1
1 Iraq

1 1 Syria
Sudan 2
Egypt 2 * 40th Project is Sudan’s 741 km long completed Pipeline

3
 Producing Properties
9 producing assets with OVL
Sl.
Country Project Current Status
No
Producing Natural Gas &
1 Vietnam Block 06.1 (offshore)
Condensate
2 GNPOC (IJV) Producing Oil
Sudan Producing Oil & under further
3 Block 5A (onland)
development
4 IEC Producing Oil
Russia
Producing Oil & Gas, and
5 Sakhalin-I (offshore)
under further development
6 Colombia MECL (IJV) Producing Oil

7 Syria Himalaya (4 PSCs onland) Producing Oil & Gas.

8 Venezuela PIVSA (IJV) Producing Oil

9 Brazil BC-10 Producing Oil

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 OVL’s share of production

2009-10
Project
Oil (MMT) Gas (BCM)
Block 06.1, Vietnam 0.042 1.967
GNOP, Sudan 2.126 -
Block 5A, Sudan 0.247 -
Sakhalin-1, Russia 1.532 0.390
AFPC project, Syria 0.694 0.024
MECL, Colombia 0.409 -
Sancristobal, Venezuela 0.704 -
Imperial Energy, Russia 0.543 -
BC-10, Brazil 0.192 -
6.489 2.381
Total
8.870

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 OVL’s share of production

2008-09
Project
Oil (MMT) Gas (BCM)
Block 06.1, Vietnam 0.046 1.848
GNOP, Sudan 2.443 -
Block 5A, Sudan 0.285 -
Sakhalin-1, Russia 1.853 0.372
AFPC project, Syria 0.812 -
MECL, Colombia 0.370 -
Sancristobal, Venezuela 0.671 -
Imperial Energy, Russia 0.076 -
BC-10, Brazil - -
6.556 2.220
Total
8.776

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 OVL’s share of production

2007-08
Project
Oil (MMT) Gas (BCM)
Block 06.1, Vietnam 0.029 1.617
GNOP, Sudan 2.981 -
Block 5A, Sudan 0.294 -
Sakhalin-1, Russia 2.234 0.345
AFPC project, Syria 0.951 -
MECL, Colombia 0.351 -
Sancristobal, Venezuela - -
Imperial Energy, Russia - -
BC-10, Brazil - -
6.840 1.962
Total
8.802

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 OVL’s share of production

2006-07
Project
Oil (MMT) Gas (BCM)
Block 06.1, Vietnam 0.030 1.842
GNOP, Sudan 3.157 -
Block 5A, Sudan 0.270 -
Sakhalin-1, Russia 0.955 0.306
AFPC project, Syria 1.095 -
MECL, Colombia 0.297 -
Sancristobal, Venezuela - -
Imperial Energy, Russia - -
BC-10, Brazil - -
5.804 2.148
Total
7.952

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 OVL’s share of reserve

As on 31st March'10
Project 1P 2P 3P
Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM)
Block 06.1, Vietnam 0.710 12.790 0.832 16.736 0.957 20.813
GNOP, Sudan 19.831 -- . 25.130 -- . 35.083 -- .
Block 5A, Sudan 6.571 -- . 9.756 -- . 14.305 -- .
Sakhalin-1, Russia 36.949 69.992 47.053 93.028 47.053 93.028
AFPC project, Syria 2.939 -- . 2.939 -- . 3.680 -- .
MECL, Colombia 3.382 -- . 4.982 -- . 6.094 -- .
Sancristobal, Venezuela 6.526 -- . 6.526 -- . 6.526 -- .
Imperial Energy, Russia 16.876 4.992 100.014 12.857 100.759 14.719
BC-10, Brazil 1.606 0.563 6.575 0.694 6.575 0.694
Block A1 & A3, Myanmar -- . -- . -- . 25.666 -- . 43.823
North Ramadan, Egypt 0.455 -- . 0.455 -- . 0.455 -- .
Block-24, Syria 1.815 -- . 3.542 -- . 3.672 -- .
Qatar -- . -- . -- . -- . -- . -- .
97.660 88.337 207.804 148.981 225.159 173.077
Total
185.995 356.785 398.236

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 OVL’s share of reserve
As on 31st March'09
Project 1P 2P 3P
Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM)
Block 06.1, Vietnam 0.752 14.756 0.874 18.702 0.999 22.779
GNOP, Sudan 20.220 - 25.050 - 32.628 -
Block 5A, Sudan 6.584 - 9.661 - 14.029 -
Sakhalin-1, Russia 37.946 70.146 48.654 93.310 48.654 93.310
AFPC project, Syria 2.988 - 2.988 - 4.670 -
MECL, Colombia 3.729 - 4.806 - 4.806 -
Sancristobal, Venezuela 7.260 - 7.260 - 7.260 -
Imperial Energy, Russia 18.946 3.901 116.344 9.364 116.344 9.364
BC-10, Brazil 1.946 0.601 6.694 0.744 6.900 0.744
Block A1 & A3, Myanmar 0.000 0.000 0.000 25.666 - 43.823
North Ramadan, Egypt 0.455 0.455 - 0.455 -
Block-24, Syria - - - - - -
Qatar - - - - - -
100.826 89.404 222.786 147.786 236.745 170.020
Total
190.230 370.572 406.765

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 OVL’s share of reserve

As on 31st March'08
Project 1P 2P 3P
Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM)
Block 06.1, Vietnam 0.623 12.991 0.830 18.526 1.037 24.421
GNOP, Sudan 22.300 - 26.763 - 32.835 -
Block 5A, Sudan 5.853 - 8.683 - 12.733 -
Sakhalin-1, Russia 39.187 70.404 49.807 93.734 49.807 93.734
AFPC project, Syria 3.136 - 3.136 - 4.350 -
MECL, Colombia 2.734 - 5.839 - 6.291 -
Sancristobal, Venezuela - - - - - -
Imperial Energy, Russia - - - - - -
BC-10, Brazil 1.908 0.605 9.254 0.836 9.254 0.836
Block A1 & A3, Myanmar - - - 25.666 - 43.823
North Ramadan, Egypt - - 1.340 - 1.340 -
Block-24, Syria - - - - - -
Qatar - - - - - -
75.741 84.000 105.652 138.762 117.647 162.814
Total
159.741 244.414 280.461

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 OVL’s share of reserve
As on 31st March'07
Project 1P 2P 3P
Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM) Oil (MMT) Gas (BCM)
Block 06.1, Vietnam 0.652 14.608 0.858 20.143 1.070 26.038
GNOP, Sudan 23.008 - 28.007 - 34.598 -
Block 5A, Sudan 4.914 - 9.081 - 13.231 -
Sakhalin-1, Russia 53.515 84.175 53.515 84.175 53.515 84.175
AFPC project, Syria 1.415 - 2.944 - 2.992 -
MECL, Colombia 10.740 - 10.970 - 15.952 -
Sancristobal, Venezuela - - - - - -
Imperial Energy, Russia - - - - - -
BC-10, Brazil 1.499 0.225 9.984 0.590 9.984 0.590
Block A1 & A3, Myanmar - - - - - -
North Ramadan, Egypt - - - - - -
Block-24, Syria - - - - - -
Qatar - - 0.523 - 0.523 -
95.743 99.008 115.359 104.908 131.342 110.803
Total
194.751 220.267 242.145

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 Status of Projects

Sl. no. Name of the Project PI/Partners/Operator Current Status & work programme
1 Block 06.1, OVL 45%; BP 35% (Operator); Producing Natural Gas @ 14.38 MMSCMD and
Vietnam Petrovietnam 20% Condensate 1,986 Barrel per day.

2 GNOP, OVL 25%; CNPC 40%; Producing Oil @ 152,748 bopd

Sudan Petronas 30%; Sudapet 5% -
(GNPOC-Operator)
3 Block 5A, OVL 24.125%; Petronas 67.875%; Producing Oil @ 17,000 bopd
Sudan Sudapet 8% (WNPOC-Operator)

4 Sakhalin-1, OVL 20%; RN Astra 8.5%;
Russia Sodeco 30%; SMNG-S 11.5%;
ENL- 30% (Operator)
5 AFPC project, HESBV 33.33 to 37.5%,
Syria SSPD 62.5 to 66.67% (Operator)
Producing Oil @ 132,553 bopd and
Gas @ 3.82 MMSCMD
Producing Oil @ 101,824 bopd

6 MECL, OVL 25-50%, SIPC 25-50%, Producing Oil @ 29,349 bopd

Colombia Ecopetrol- 50% (MECL- Operator)

7 Sancristobal, OVL 40%; PDVSA 60% Producing Oil @ 33,703 bopd

Venezulela (PIVSA-Operator)

8 Imperial Energy, OVL 100% Producing Oil @ 16,509 bopd

Russia

9 BC-10, OVL 15%; Shell 50%(Operator) & Producing Oil @ 83,374 bopd
Brazil Petrobras 35%

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 Status of Projects ….contd…
Sl. no. Name of the Project PI/Partners/Operator Current Status & work programme
10 Block A1, OVL 20%; GAIL 10%; Development started since November 01, 2009.
Myanmar Daewoo 60% (Operator); FDP approved on 2nd March 2010. FDP
Kogas 10% implementation is in progress.
First Gas likely in May 2013
11 Block A3, OVL 20%; GAIL 10%; Development started since November 01, 2009. FDP
Myanmar Daewoo 60% (Operator); approved on 2nd March 2010. FDP implementation
Kogas 10% is in progress. First Gas likely in May 2013
12 B-6,North Ramadan, OVL 70%; IPR 30% Three wells drilled. Two are discovery wells.
Egypt (Operator) Development is commercially unviable. To be
relinquished.
13 Block NEMED, OVL 33%; Shell 51% The operator has proposed relinquishment of the
Egypt (Operator); Petronas 16% block as the discovered volumes of 1.4 TCF(GIIP) are
sub-commercial for a feasible development.
14 Farsi Offshore, OVL 40% (Operator); IOC Reserves established in Farzard-B gas field.
Iran 40%; OIL 20% Commerciality accepted by NIOC. Master
development plan of Farzad gas field is under
finalisation. DSC is under negotiation.
15 Carabobo-1, PDVSA-60%, OVL-11%,IOCL- Signing ceremony held on 12th May 2010 at
Venezuela 3.5%, OIL-3.5%, Repsol-11%, Caracas. Mixed Company incorporated on 25th
Petronas-11% (Petro Carabobo June 2010. Notification of Transfer Decree will be
S.A.-Operator) made soon.
16 Block 8, OVL 100% (operator) Forec Majeure since April 2003
Iraq

17 Block 81-1, OVL 100% (operator) No commercially viable prospect could be identified.
Libya Plan to relinquish the block.

18 Block 43, OVL 100% (operator) G& G data Interpretation to be taken up and
Libya planning for drilling a well based on outcome of
interpretation

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 Status of Projects ….contd…
Name of the
Sl. no. PI/Partners/Operator Present Status & work programme
Project
19 Block 34 & 35, OVL 100% (operator) Technical team recommended for additional studies before
Cuba firming up of prospect, for which one year extension is being
sought from CUPET
20 Block 127, OVL 100% (operator); One well was drilled in July 2009 which was dry and
Vietnam (Petro Vietnam upto Abandoned. OVL has proposed relinquishment of the block.
20% optional on
commercial discovery)
21 Block 128, OVL 100% (operator); Exploration period extended up to June 2011. Seismic data API
Vietnam (Petro Vietnam upto is completed and prospect identified. Planning for drilling of the
20% optional on well is in progress. Data is being restudied to identify suitable
commercial discovery) alternate location.
st
22 Block AD2, OVL 100% (operator) The block is currently under 1 year extension period of 1
nd
Myanmar Exploration Period till 22 December’ 2010.Special processing
of selected seismic lines under processing.
23 Block AD3, OVL 100% (operator) The blocks are currently under 1 year extension period of Study
nd
Myanmar Period till 22 December’ 2010. Special processing of selected
seismic lines under processing.
24 Block AD9, OVL 100% (operator) The blocks are currently under 1 year extension period of Study
nd
Myanmar Period till 22 December’ 2010. Special processing of selected
seismic lines under processing.
25 Block RC8, OVL 40% (operator); Data processing up to PSTM level is in final stage, Data
Colombia Ecopetrol 40%; processing for PSDM to be taken up based on identification of
Petrobras 20% zones of interest
26 Block RC10, OVL 50% (operator); Data processing up to PSTM level is in final stage, Data
Colombia Ecopetrol 50% processing for PSDM to be taken up based on identification of
zones of interest

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 Status of Projects ….contd…
Name of the
Sl. no. PI/Partners/Operator Present Status & work programme
Project
27 Block ES 42 , OVL 100% (operator) Under exploration phase-I since March 2008. 3D data of 725 sq
Brazil km has been acquired and PSDM data processing is in
progress.

28 Block BMS 73 , OVL-43.5% (Operator), Under exploration phase-I since March 2008. 3D data of 374 sq
Brazil Petrobras-43.5%, km has been acquired and the PSDM output has been received
Ecopetrol-13% and data is under interpretation. Rig identification is in
progress.One well is to be drilled up to March’2011.
29 Block CPO-5, OVL-70% (Operator), Data API for release of two locations
Colombia Petrodorado-30%

30 Block 279, OMEL 45.5% One Exploratory well drilled (Jan-Feb 2010) as per minimum
Nigeria (operator); Total 14.5%; committed work programme. This resulted in oil and gas
EMO 40% discovery. Commerciality of the reserves is under evaluation.3D
Seismic data acquisition, processing/re-processing besides
acquiring CSEM data. Future drilling programme to be decided
based on re-evaluation.
31 Block 285, OMEL 64.33% Presently under Exploration phase. No well drilled in this block.
Nigeria (operator); Total One exploratory Location finalised for drilling. Spudding likely
25.67%; EMO 10% by end of August 2010.

32 Block 189, OVL 49%; TPOC Three wells drilled. All plugged and abandoned. Application for
th
Libya 51%(Operator) relinquishment submitted to NOC on 7 December 2009.

33 Block 24, OVL 60%; IPR 40% After discovery POD has been submitted both for Abu Khasab
Syria (operator) and Rashid structures. . One Exploratory well South Abu
Khasab-1 is being drilled. Infrastructure facilities for Rashid
field development is in progress.

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 Status of Projects ….contd…
Name of the
Sl. no. PI/Partners/Operator Present Status & work programme
Project
th
34 Blocks 25 to OVL 30%; Repsol 40% Addendum to Contract for extension up to 19 September, 2012
29,36,35A - Cuba (operator); StatOil 30% will be signed with two wells commitment. Rig contract
signed.One well to be drilled in 2011.

35 Block 2 - JDZ, OVL 13.5%, Equator One well drilled in September 2009 and there was gas discovery.
Nigeria Exploration 9%, However, the reserve of Gas are less than threshold required for
Sinopec(Operator)/Adax commercial development on standalone basis. Operator sought
/ EHRC consortium Twelve months extension. JDA granted six months extension,
65% and others 12.5%. i.e. till 14th September 2010. OVL has intimated operator to
pull out from the Consortium from 14th June 2010.
36 SSJN-7, Pacific Stratus Energy Processing of legacy data is in progress. Acquisition parameter
Columbia Columbia Ltd (PSE) - for 2D seismic is finalized. 2D data of 590 LKM to be acquired.
operator - 50%; OVL
50%
37 Block RC-9, OVL 50%; Ecopetrol Processing of 720 sq. km 3D data is in progress. Interpretation
Columbia 50% (operator) to be carried out.

38 Block BM-BAR-1, OVL 25%; Petrobras One well drilled and was dry. Exploration phase-II extended
Brazil 75% (operator) upto 31.12.2011. Further program to be decided based on dry
well analysis.

39 Block BM-SEAL- OVL 25%; Petrobras G & G study completed. Two exploratory wells to be drilled.
4, Brazil 75% (operator)

40 Sudan Pipeline OVL 90% (Operator); Pipeline Project completed & handed over to GOS in 2005.
Project OIL 10%

17
 OVL – Physical activities

2010-11
2009-10 2008-09 2007-08
Plan

1 2D (LKM) 3320
8,716 2,828 18,914

2 3D (Sq.KM) 1794
5,374 4,936 5,738

3 Exploratory Well Drilling - Nos 52

48 51 55

Development Well Drilling -

4 136
Nos 162 271 277

Note: In respect of blocks where OVL has less than 100% participating interest, the
activity level shown above has not been pro-rated and the same has been taken at
100% level.

18