India's Hydrocarbon Outlook – 2022-2023

120 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL m Energy Ministries/State Oil Company Financing m Project Finance – value of collateral m Borrowing Base Recoverable estimates Material balance Decline curve analysis Reservoir simulation Analogy Recovery factors Forecasting reserves Material Balance: In-Place and Recoverable Quantities Can be… Used to estimate gas and/oroil in-place estimates Estimation of Recoverable Resources: m To justify capital projects  Processing facilities  Transportation infrastructure  LNG projects Compared to volumetric estimate of in- place to confirm and increase confidence Technical Recoverable Quantities vs. Reserves: Technical Recoverable Quantities –have met all technical guidelines for reserves but commercial or economic viability has not been established Reserves –portion of technical recoverable quantities that are commercially producible m Approved development plan