Jubilant is pleased to declare commerciality of six discoveries (KG-16, KG-22, KG-31, KG-21, KG-19 and KG-20SS) in Block KG-OSN-2001/3. GSPC, the Operator of the block, had submitted a commerciality analysis report on the six discoveries to the Ministry of Petroleum & Natural Gas on 14th February 2013 and the same has been reviewed by the Management Committee as required under the terms of the Production Sharing Contract.

The Declaration of Commerciality (DOC) of the six discoveries has been examined with the following parameters and reviewed by the Directorate General of Hydrocarbons, India (DGH):

a) Gas Initially In Place ("GIIP") : Gross 8.392 TCF as estimated by DGH;Net to Jubilant being 839 BCF. b) Recoverable Gas (Contingent Resources) : Gross 1.015 TCF as estimated by DGH; Net to Jubilant being 102 BCF c) Development Wells : 25 wells (combination of dry tree and sub-sea wells) d) Production Facilities :Platforms, Pipelines, Flow-lines, Process Umbilicals and Modifications of DDW Platform and Onshore Terminal

Tags: Jubilant Energy