Jubilant Energy NV declared Thursday the commerciality of Kathalchari Discovery in Tripura Block, which is located in Tripura state in the Assam-Arakan Basin in northeastern India. Jubilant Oil and Gas Private Limited (JOGPL), the Operator of the block, had submitted a declaration of commerciality of Kathalchari Discovery, to the Management Committee (MC) Dec. 28, 2012, for its review with following parameters -
a) Contingent Recoverable Resources: 128.6 Bcf
The proposal for Declaration of Commerciality (DOC) of Kathalchari Discovery has been reviewed by MC with the following parameters -
a) Gas Initially In Place: 1,211.69 Bcf (Best estimate)
The Contingent Recoverable Resources reviewed by MC are based on Lowest Known Gas for the Middle Bhuban pay around the Kathalchari-1 discovery, as opposed to being based on the maximum area as originally proposed in DOC. The consortium will now submit a Field Development Plan by Jan. 12, 2015 in accordance with the PSC provisions.
Jubilant holds 20 percent participating interest in this block through its subsidiary Jubilant Oil & Gas Private Limited, India, which is also the operator of the block. GAIL India Limited holds the remaining 80 percent participating interest.
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