Examples of Hazira Field in a sentence
The Company believes that the reserves attributable to its interest in the Hazira Field in India constitutes less than one (1) percent of the Company's total reserves and therefore these reserves have not been evaluated and are not included in the reserves information provided below.
The abandonment and reclamation costs related to Hazira Field for the LBDP, the offshore platform and wells on the offshore platform are based on third party evaluations.
Under the Company’s operatorship, the Hazira Field was nearing the end of its life with an abandonment program planned for the near future, and the receipt of sale proceeds, net of closing adjustments, did not significantly impact the Company’s liquidity.
The Company expects to pay $8 million for abandonment and reclamation costs within the next three fiscal years, which are primarily related to the Hazira Field and the Surat Block in India.
The Company expects to pay $8 million for abandonment and reclamation costs within the next three fiscal years, which are primarily related to the Hazira Field and the Surat Block in India.Costs Incurred For Fiscal 2012, the Company incurred the following costs on its properties: Note: (1) The Company considers signature bonuses required under the various PSCs to be property acquisition costs.
The Ryder Scott Report evaluates the Company's interest in the Hazira Field, the Surat Block and the D6 Block.
The future oil and condensate prices for the D6 Block and Hazira Field in India and Block 9 in Bangladesh were based on the commodity price forecast effective April 1, 2011 relative to Brent Blend prices of the Company’s independent reserve evaluators and were adjusted for commodity price differentials specific to the Company, being 100% of Brent Blend for the D6 Block and Block 9 and 95% of Brent Blend for the Hazira Field.
The Company has one significant contract for the sale of natural gas at a price of $4.86/Mcf, expiring April 30, 2016, and the commitment for future physical deliveries under this contract exceeds the expected future production from the Hazira Field.
Actual production volumes include production from the Hazira Field, D6 Block and Block 9.
Refer to “Assets – India – Hazira Field, India” for sales contract .(2) The average price received in the D6 Block is subject to the terms and conditions of the sales contracts and the pricing notifications issued by the GOI in accordance to the Guidelines.