Key Projects :
Ravva Oil & Gas Field
  • Ravva Oil and Gas field produces approx 55,000 bopd; approx 8% of domestic production in India
  • Field was offered  for development under international competitive bidding, as a marginal field in 1993.
  • Ravva was assessed as a 100 Million barrel reserve at the time of bidding in 1994. Currently Ravva has produced over 200 Million barrels and is likely to produce an additional 150 Million barrels.
  • One of the most successful projects in operation in a Joint Venture in India.
  • Petrodril Role:
    • Carried out the initial assessment on Ravva for Videocon
    • Assisted Videocon to form a bid consortium with Command Petroleum and Marubeni
    • Developed a bid strategy
    • Led the bid negotiations to ensure award to the consortium
    • Assisted the JV in contract negotiations
    • Statutory clearances for the operator
    • Stake holder relations, Government clearances, JV relations