Draft

MINUTES OF MANAGEMENT COMMITTEE MEETING FOR BHANDUT

MCM No. BHT 2022/1 (Virtual mode)
Date: 20.05.2022
Date of signing of PSC : 23-09-1994 MC Members
1. 1st Govt. Nominee-DG, DGH
Validity of Contract : Up to field life (PML validity up to 22.09.2029) 2. 2nd Govt. Nominee-MoPNG
Category : PRE NELP 3. 1st KCLPL Nominee-Lalit Kiri
4. 2nd KCLPL Nominee-KK Nayak

AGENDA NO 1
AGENDA: Safety Management Review for BHANDUT block
Views of the Contractor/DGH MC Decision
Operator apprised the details of Safety Management for BHANDUT block.
Number of observations made by OISD/DGMS: NIL (Till 31st March 2022
though DGMS visited Bhandut field on 25th March 2022)
No. of Observations complied : Not Applicable
No. of Observations pending : Not Applicable NOTED
Observations to be complied by (EDC) : Not Applicable

We had excellent HSE track record (Incident Free till date from the date of
Mines opening, i.e. 16th August 2021)
AGENDA NO 2
AGENDA: Approval of Work Programme and Budget for FY 2021-22(RE) for BHANDUT block
Views of the Contractor/DGH MC Decision

Contractor’s views: MC approves Work Programme & Budget for FY 2021-22(RE) amounting
to USD 2,438,706. Details are as under:
Contractor vide dated 04.01.2022 submitted Work Programme and Budget
for F.Y. 2021-22(RE) for BHANDUT block. 1. Key Work Programme:
1. Key Work Programme:
Activities BE FY 2021-22 RE FY 2021-22

Development Wells 02 NIL

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Approved Proposed Reasons for variation
Activities in 2021-22 in 2021-22 in Planned/Actual (if Workover 03 03
(BE) (RE) any)
No. of Wells 2. Budget Details:
02 NIL Delay in land acquisition
(Development)
Approved - Proposed- Reasons for
No. of Budget Head
03 03 BE 2021-22 RE 2021-22 Variation
Workover Jobs (USD) (USD)
2. Budget Details: Sr
Development (D)
No.
Approved - Proposed- Reasons for 1 G & G Support 120,000.00 30,000.00 No drilling of
Budget Head BE 2021-22 RE 2021-22 Variation
TP Reserves / 2 wells in FY
(USD) (USD)
2 Resources Audit 10,000.00 0.00 2021-22
Sr Development Report
No. (D)
Well Drilling 3 Drilling activities 2,742,000.0 1,117,145.00
General & 0
1 G & G Support 120,000.00 30,000.00 differ to 20- 4 101,160.00 4000.00
2023. Administrative costs
5 Misc. 0 10,762.00
TP Reserves / RFDP got
Development Sub- 2,973,160.0
2 Resources Audit 10,000.00 0.00 delayed. 1,161,907.00
total 0
Report
Production (P)
3 Drilling activities 2,742,000.00 1,117,145.00
Repair & Preventive
Price Breakup - 1 4,200.00 137,000.00
Maintenance
General & 3000 - Laptops
4 Administrative 101,160.00 4000.00 and Mobiles Chemicals &
2 6,700.00 6,700.00
costs 1000 - Other Consumable
accessories 3 Manpower 72,000.00 72,000.00
5 Misc. 0 10,762.00 4 Personnel cost 9,840.00 9,840.00
5 Well Fluid 1,500.00 1,500.00
Development
2,973,160.00 1,161,907.00 6 Transportation 11,000.00 1,000.00
Sub-total
Production (P) Oil/Water Handling
7 & Processing 52,600.00 52,600.00
Repair &
Charges
1 Preventive 4,200.00 137,000.00
Maintenance 8 Services & Utility 3,600.00 3,186.00
Chemicals & 9 HSE 3,000.00 16,734.00
2 6,700.00 6,700.00 Workover/Well
Consumable 10 720,000.00 600,000.00
Services/Testing/
Slickline Operations
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Production Land Lease &
11 0.00 10,134.00
3 Manpower 72,000.00 72,000.00 manpower cost Compensation
& wellfare
12 Warehouse 0.00 61,066.00
4 Personnel cost 9,840.00 9,840.00
5 Well Fluid 1,500.00 1,500.00 EPS/Surface
13 0.00 48,492.00
6 Transportation 11,000.00 1,000.00 Facilities
Oil/Water 14 Site office 0.00 2,000.00
Handling &
7 52,600.00 52,600.00 15 Production Service 34,800.00 78,030.00
Processing
Charges 16 General & 73,200.00 176,517.00
8 Services & Utility 3,600.00 3,186.00 Administrative costs
9 HSE 3,000.00 16,734.00 17 Statutory Payment 0.00 0.00
Workover/Well
Services/Testing/ 18 Royalty 0.00 0.00
10 720,000.00 600,000.00
Slickline Production Sub-
Operations 992,440.00 1,276,799.00
total
Land Lease & Grand Total 3,965,600.0 2,438,706.00
11 0.00 10,134.00
Compensation 0
3. Programme Quantity:
12 Warehouse 0.00 61,066.00
Programme Approved Quantity
EPS/Surface Oil/ Condensate (TMT) 0.161
13 0.00 48,492.00
Facilities NANG (MMSCM) 0.357
14 Site office 0.00 2,000.00
The above budget is approved subject to following conditions:
Production
15 34,800.00 78,030.00
Service 1.
General & 2.
16 73,200.00 176,517.00
Administrative 3.
17 costs
Statutory 0.00 0.00 4.
Payment 5.
18 Royalty 0.00 0.00 6.
Production Sub-
992,440.00 1,276,799.00
total
Grand Total 3,965,600.00 2,438,706.00
3. Programme Quantity:
Programme Approved Proposed - Reasons for
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BE 2021- RE 2021- Variation
Quantity
22 22
Oil/ Condensate 2.819 0.161 Due to delay in
(TMT) workover
operations
because of
NANG (MMSCM) 3.96 0.357 approvals.
Oil Production =
NIL

DGH views:
Revised Work Programme and Budget for F.Y. 2021-22 amounting to USD
2,438,706 has been examined and agreed subject to following conditions:

1.
2.
3.
4.
5.
6.

AGENDA NO 3

AGENDA: Approval of Work Programme and Budget for FY 2022-23(BE) for BHANDUT block

Views of the Contractor/DGH MC Decision

Contractor’s views: MC approves the Work Programme & Budget for FY 2022-23(BE)
amounting to USD 4,029,400. Details are as under:
Operator vide dated 04.01.2022 submitted Work Programme and Budget
for F.Y. 2022-23 (BE) for BHANDUT block. 1. Key Work Programme:
1. Key Work Programme: Activities BE FY 2022-23
Wells (Development) 02
Quantum
Work over NIL
Activities proposed in
2022-23 (BE) 2. Budget Details:
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Wells (Development) 02 Budget Head Approved FY 22-23
Work over NIL BE (USD)
2. Budget Details: S No. Development (D)

Proposed 22-23 - 1 G & G Support 65,400.00

Budget Head
BE (USD) 2 Data copying storage processing 200.00
3 Reservoir Data Acquisition and 103,000.00
S N. Development (D) 4 TP Reserves / Resources Audit 20,000.00
1 G & G Support 65,400.00 5 Drilling activities 3,000,000.00
6 General & Administrative costs 154,400.00
2 Data copying storage processing and 200.00 7 Well Control Insurance 15,000.00
interpretation Development Sub-total 3,361,000.00
3 Reservoir Data Acquisition and Analysis 103,000.00 Production (P)
4 TP Reserves / Resources Audit Report 20,000.00 1 Production Operation 190,400.00
5 Drilling activities 3,000,000.00 2 Production Service 80,000.00
6 General & Administrative costs 154,400.00 3 General & Administrative costs 238,000.00
7 Well Control Insurance 15,000.00 4 Insurance Expenses 10,000.00
8 Health, Safety and Environment 3000.00 5 Health, Safety and Environment 10,000.00
Development Sub-total 3,361,000.00 6 Misc. 40,000.00
7 SRF 100,000.00
Production (P)
Production Sub-total 668,400.00
1 Production Operation 190,400.00
4,029,400.00
2 Production Service 80,000.00
Grand (USD Four Million Twenty-Nine Thousand and Four
3 General & Administrative costs 238,000.00 Total
4 Insurance Expenses 10,000.00 Hundred only)
5 Health, Safety and Environment 10,000.00 3. Programme Quantity of Production:
6 Misc. 40,000.00
7 SRF 100,000.00 Programme Approved Quantity
Production Sub-total 668,400.00 Oil/ Condensate (TMT) 3.71
Grand Total 4,029,400.00 NANG (MMSCM) 2.81

The above budget is approved subject to following conditions:

3. Programme Quantity of Production:
1.
Proposed in 2022- 2.
Programme Quantity
23 (BE) 3.
Oil/ Condensate (TMT) 3.71 4.
NANG (MMSCM) 2.81 5.

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6.
DGH views:
Work Programme and Budget for F.Y. 2022-23 (BE) amounting to USD
4,029,400 has been examined and agreed subject to following conditions:

1.
2.
3.
4.
5.
6.

1st Govt. Nominee-DGH 2nd Govt. Nominee-MoPNG

(Signature & Date) (Signature & Date)

KCLPL , 1st Nominee

(Signature & Date) KCLPL , 2nd Nominee
(Signature & Date)

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