|
The GS-01 exploration licence is located
in the Gurajarat-Saurashtra offshore basin off the west coast
of India, directly adjacent to the prolific Bombay High oil
field. The licence encompasses 8,841 km2,
and water depths vary between 80-150 m.
In March 2001, Reliance and HEPI bid
for 15 licences in the NELP-II licence bidding round and since
then HEPI has retained an interest in one licence, being a 10
per cent. interest in the shallow water GS-01 Block, offshore
Gujarat, with Reliance maintaining a 90 per cent. interest.
The participating interests (per cent.) for this licence are
as follows:
|
Participating Interests
(%) |
|
AREA |
HEPI |
RELIANCE |
|
GS-01 |
10 |
90 |
|
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