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East West Petroleum Signs NELP-IX Production Sharing Contract In India
East West Petroleum Corp. (the “Company” or “East West Petroleum”) is pleased to announce the Company has signed a Production Sharing Contract (PSC) for Block AA-ONN-2010/2 with the Directorate General of Hydrocarbons of India in a signing ceremony held March 28th, 2012 in New Delhi. Partners in this NELP IX bid round Block are Oil India Ltd. (operator, 40%), Oil and Natural Gas Corporation of India (30%), and Gas Authority of India Ltd. (20%) and East West Petroleum (10%). The AA-ONN-2010/2 exploration Block lies in the Assam-Arakan Basin oil producing region of northeast India, a proven proliferous region where more than 100 fields have been found. Current production from the region is estimated at 95,000 boepd.

date.png30 Mar 2012 13:32 | comments.png 0 Comments | tags.png asia east-west-petroleum india upstream [ More ]
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