GAIL India

1.  Estimated amount of Contracts remaining to be executed on Capital
 Account and not provided for:
 
 i) Share in Capital Commitment of Joint Ventures based on their
 unaudited statement of accounts: Rs. 340.58 Crores (Previous Year:
 Rs.308.43 Crores).
 
 ii) Companys own unexecuted capital commitment: Rs 2890.08 Crores
 (Previous Year: Rs 452.26 Crores).
 
 2.  Contingent Liabilities :-
 
 I.  Claims against the Company not
 
 acknowledged as debts: Rs 4758.54 Crores (Previous Year: Rs 3822.84
 Crores), which mainly include:-
 
 (a) Claims of ONGCL for Rs 352.74 Crores (Previous Year: Rs 390.85
 Crores) on account of interest for delayed payment and MGO, etc. Out of
 these MGO claims of Rs 48.69 Crores (Previous Year: Rs 68.23 Crores)
 are recoverable on back-to-back basis.
 
 (b) Income tax assessments up to the Assessment Year 2006-07 have been
 completed and a demand of Rs 1212.56 Crores relating to the Assessment
 Years
 
 1996-97 to 2006-07 (Previous Year: Rs 1162.90 Crores) is raised by
 disallowing deductions claimed by the company. The company has already
 made the payment of Rs 1131.74 Crores (Previous Year: Rs 1160.69
 Crores) under protest. Based upon the decision of the appellate
 authorities and the interpretation of the Income Tax Act, the company
 has been legally advised that the demand is likely to be deleted or it
 may be substantially reduced.The company has filed appeal against the
 demand for the Assessment Years 1996-97 to 2004-05 with Income Tax
 Appellate Tribunal (ITAT) and for Assessment Year 2005-06 & 2006-07
 with Commissioner of Income Tax (Appeal).
 
 (c) Legal cases for claim of Rs 2507.59 Crores (Previous Year: Rs
 2304.04 Crores) by vendors on account of Liquidated damages/Price
 Reduction Schedule, Natural
 
 Gas price differential etc and by customers for Natural gas
 transmission charges etc.  Further details are not disclosed as same
 are expected to prejudice the legal proceedings.
 
 II.  Bank Guarantee & Letters of Credit: Rs
 
 1105.82 Crores (Previous Year: Rs 191.75 Crores) including bank
 guarantees issued on behalf of subsidiaries Rs 9.00 Crores (Previous
 Year: Nil)
 
 III.  The Company has issued corporate guarantee for Rs. 254.34 Crores
 (Previous Year: Nil) in favour of Oil Industry Development Board (OIDB)
 on behalf of Brahamputra Cracker & Polymer Limited (BCPL), a subsidiary
 of the company, for raising a loan.
 
 IV.  Share in Contingent Liabilities of Joint Ventures based on their
 unaudited statement of accounts: Rs 229.05 Crores (Previous Year: Rs
 229.51 Crores).
 
 3.  Sales Tax demand of Rs 3449.18 Crores (Previous Year: Rs 3449.18)
 and interest thereon Rs 1513.04 Crores (Previous Year: Rs 1513.04) for
 Hazira unit in Gujarat State: Sales Tax Authorities, Ahmedabad have
 treated the transfer of Natural Gas by the company from the state of
 Gujarat to other states during the period April, 1994 to March, 2001 as
 inter-state sales under Section 3(a) of the Central Sales Tax Act. The
 company has been paying sales tax under section 12 of the Gujarat Sales
 Tax Act against Form 17 since inception (1987) and accordingly the
 sales tax assessments have been completed. Based on the interpretation
 of the provisions of the Sales Tax Act and legal advice from the
 experts, the company had filed writ petition and special leave petition
 in the Supreme Court of India. In February, 2005 the case was
 transferred by Honble Supreme Court to Gujarat Sales Tax Tribunal for
 decision. The Tribunal has given its judgment on 16.05.2005 accepting
 the contention of the company for interstate transfer of Natural Gas as
 branch transfer and not the interstate sale and set aside the demand
 under
 
 section 41-B of the Gujarat Sales Tax Act. The Honble Tribunal has
 given further instruction to the Assessing Authority to re- assess and
 decide tax liability in accordance with the law for the period 1998-99
 to 2000- 2001 considering interstate transfer of natural gas as branch
 transfer. The Sales Tax Authorities had filed rectification application
 under section 72 of the Gujarat Sales Tax Act, 1969 in Gujarat Sales
 Tax Tribunal against its judgment dated 16.05.2005. The Tribunal had
 dismissed the rectification application of the sales tax authorities
 vide its order dated 06.07.2006. The sales tax authorities have now
 filed petition in honble high Court Ahmedabad against the order of the
 tribunal and no hearing has yet taken place. In opinion of the
 management there is a remote possibility of crystallizing this
 liability.
 
 4. (a) Freehold land acquired for city gas Lucknow and Kanpur, Jhansi
 Maintenance Base Sectionalising Valves in Jamnagar Loni Pipeline and
 Mumbai valuing Rs 1.70 Crores (Previous Year: Rs 1.78 Crores) are
 valued / capitalized on provisional basis.
 
 (b) Title deeds for freehold land, valuing Rs
 
 3.19 Crores (Previous Year: Rs 2.16 Crores) and leasehold land valuing
 Rs 23.23 Crores (Previous Year: Rs 21.91 Crores) are pending execution.
 
 (c) Title Deeds in respect often residential flats at Asiad Village,
 New Delhi, valuing Rsl. 17 Crores (Previous Year: Rs 1.17 Crores) are
 still in the name of ONGCL Concerned authorities are being pursued for
 getting the same transferred in the name of the Company.
 
 (d) The cost of right of use (ROU) amounting to Rs 53.96 Crores as on
 31.03.2009 (Previous Year: Rs 46.64 Crores) has been capitalized as
 intangible asset. The Company has perpetual Right of Use but has no
 ownership of land.
 
 5.  (a) The balance retention from PMTJV
 
 consortium amounting to Rs 57.38 Crores (Previous Year: Rs 426.72
 Crores) includes interest (net ofTDS) amounting to Rs 3.10 Crores
 (Previous Year: Rs 88.00 Crores) on Short term deposits for the
 year.The TDS amounting to Rs. Nil (Previous Year: Rs 21.14 Crores) has
 been deducted by the bankers on the interest earned on Short term
 deposits. This interest income and TDS does not belong to the company
 hence not accounted for.
 
 (b) Liability on account of Gas Pool Money amounting to Rs.1512.25
 Crores (Previous Year: Rs. 710.60 Crores) includes interest amounting
 to Rs.  108.13 Crores (Previous Year: Rs. 19.55 Crores) on short term
 deposits. This interest does not belong to the company hence not
 accounted as income.
 
 6.  Advance recoverable in Cash or in kind or value to be received
 includes an amount of Rs.3.02 Crores (Previous Year: Rs.3.11 Crores)
 recoverable on account of Disinvestment by Government of India of its
 equity in the company by way of GDR/offer for sale.
 
 7.  The Pay Revision of the employees of the company due w.e.f. 1 st
 January 2007 has been approved by Government of India.  Pending
 implementation of pay revision, provision of Rs. 184.39 Crores (upto
 Previous Year Rs 130.71 Crores) after adjustment of adhoc advance of
 Rs.58.94 Crores has been made on estimated basis having regard to the
 guidelines issued by Government of India. Further as per the
 guidelines, gratuity limit has been enhanced to Rs 10 Lakhs per
 employee. Considering these, the actuarial valuation for gratuity has
 been provided for during the year.
 
 8.  A net amount of Rs 2.22 Crores (Previous Year: Rs 6.22 Crores) has
 been credited to Profit & Loss account due to exchange rate variation.
 
 9.  The required disclosure under the Revised Accounting Standard 15 is
 given as below:
 
 (i) DEFINED CONTRIBUTION PLAN
 
 Company pays fixed contribution to Provident Fund at predetermined
 rates to a separate trust, which invests the funds in permitted
 securities. The contribution to the fund for the period is recognized
 as expense and is charged to the Profit & Loss accounts. The obligation
 of the company is limited to such fixed contribution. However, the
 trust is required to pay a minimum rate of interest on contributions to
 the members as specified by Government of India (GOI).  The fair value
 of the assets of the Provident Fund including the returns on the assets
 thereof, as on the Balance Sheet date is greater than the obligations
 under the defined contribution plan.
 
 An amount of Rs 20.25 Crores (Previous Year Rs. 15.50 Crores) expense
 recognized as for defined contribution plan (Contributory Provident
 Fund).
 
 (ii) DEFINED BENEFIT PLAN
 
 Brief description.
 
 A) Earned Leave Benefit (EL)
 
 Accrual 30 days per year. Encashment while in service 75% of Earned
 Leave balance subject to maximum of 90 days at a time, twice per
 calendar year. Encashment on retirement or superannuation maximum 300
 days.
 
 B) Half Pay Leave (HPL)
 
 Accrual 20 days per year. Encashment while in service NIL. Full
 encashment on retirement.
 
 C) Gratuity
 
 15 days salary for every completed year of service. Vesting period is 5
 years and payment is restricted to Rs 10 Lakhs (Previous Year: Rs.3.50
 Lakhs).
 
 D) Post Retirement Medical Benefit (PRMS)
 
 Upon payment of one time prescribed contribution by the superannuated
 employees/those who resigned from service can avail the facility
 subject to the completion of minimum of 10 years of service and 50
 years of age.
 
 E) Terminal Benefits
 
 At the time of superannuation, employees are entitled to settle at a
 place of their choice and they are eligible for transfer of traveling
 allowance. Employees are gifted a gold coin weighing 25 grams.
 
 F) Long Service Award (LSA)
 
 Employees are eligible for gold coin after every five years depending
 upon the completion of service, subject to minimum of 15 years of
 service.
 
 The following table summarizes the components of net benefit expenses
 recognized in the Profit and Loss Account.
 
 NOTE:
 
 (i) The estimates of future salary increases considered in actuarial
 
 valuation, taken account of inflation, seniority, promotion and other
 relevant factors such as supply and demand in the employment market.
 
 10.  MOP&NG had issued scheme of sharing the under recoveries of Oil
 marketing Companies on account of non-revision in selling price of PDS
 Kerosene and domestic LPG. During the year, the Company has given
 discounts to Oil marketing Companies amounting to Rs.1781.20 Crores
 (Previous Year: Rs.1313.74 Crores) out of which Rs.86.98 Crores
 (Previous Year: Rs.387.24 Crores) pertain to short provision for the
 quarter Jan-March2008.  Corresponding adjustment on account of CST
 amounting to Rs.20.93 Crores (Previous Year: Rs.20.05 Crores) has been
 made.
 
 11. (a) The Company is raising provisional invoices for sale of R-LNG
 as
 
 the supplier M/s Petronet LNG Ltd (PLL) is also raising provisional
 invoices on the Company since customs duty on import of LNG by PLL has
 been assessed on provisional basis.
 
 (b) With effect from April 1,2002, Liquefied Petroleum Gas prices has
 been deregulated and is now based on the import parity prices fixed by
 the Oil Companies. However, the pricing mechanism is provisional and is
 pending finalization. Additional asset/liability or impact on profits,
 if any, arising due to such change, will be recognized on finalization
 of pricing mechanism.
 
 (c) Petroleum and Natural Gas Regulatory Board (PNGRB) have issued
 PNGRB (Determination of Natural Gas Pipeline Tariff) Regulations 2008
 effective from 20th November 2008. As per these Regulations, the
 natural gas pipeline tariff being charged by the company for its
 pipeline networks in operation is subject to revision with
 retrospective effect in accordance with the Regulations. Impact on
 profits, if any, will be recognized when the pipeline tariff is revised
 in accordance with the Regulations.
 
 (d) Value of Annual Take or Pay Quantity (ATOPQ) of Gas is accounted
 for on receipt basis and shown as liability till make up Gas is
 delivered to customer, during the recovery period, in terms of the Gas
 Sales Agreement with the customers.
 
 12.  In compliance of Accounting Standard 17 on Segment Reportingas
 notified under Companies Accounting Standard Rules,2006, the required
 information is given as per Annexure A to this schedule.The Company has
 adopted following Business segments as its reportable segment.
 
 (i) Transmission services
 
 a) Natural Gas
 
 b) LPG
 
 (ii) Natural Gas Trading
 
 (iii) Petrochemicals
 
 (iv) LPG and other Liquid Hydrocarbons
 
 (v) GAILTEL
 
 (vi) Others
 
 There are no geographical segments.
 
 13.  In compliance of Accounting Standard 18 on Related party
 
 Disclosuresas notified under Companies Accounting Standard Rules,2006,
 the names of related parties, nature of relationship and detail of
 transactions entered therewith are given in Annexure B.
 
 14. (b) Income Tax Provisions for the current year includes Rs. 22.17
 
 Crores related to Financial Year 1998-99 being demand paid on an order
 passed under section 154 of the Income Tax Act, 1961.
 
 15.  In Compliance of Accounting Standard 27 on Financial Reporting of
 Interests in Joint Venturesas notified under Companies Accounting
 Standard Rules,2006, brief description of Joint Ventures of the Company
 are:
 
 (i) Mahanagar Gas Limited: A Joint venture with British Gas Pic
 
 and Government of Maharashtra to supply gas to domestic, commercial and
 small industrial consumers and CNG for transport sector in Mumbai.The
 Company has invested Rs 44.45 Crores for acquiring
 
 4,44,49,960 equity shares of Rs 10 each of the Company, presently being
 49.75% of the paid up capital.
 
 (ii) Indraprastha Gas Limited: A Joint venture with BPCL and
 
 Government of National Capital Territory (NCT) of Delhi to supply gas
 to domestic, commercial units and CNG for transport sector in Delhi.
 The Company has invested Rs 31.50 Crores for acquiring 3,15,00,000
 equity shares of Rs 10 each of the Company, presently being 22.50% of
 the paid up capital.
 
 (iii) Petronet LNG Limited: A Joint venture with BPCL, IOCL and ONGCL
 for setting up LNG imports facilties.The Company has invested Rs 98.75
 Crores for acquiring 9,37,50,000 equity shares of Rs 10 each of the
 Company, presently being 12.50% of the paid up capital.
 
 (iv) Bhagyanagar Gas Limited: A Joint Venture Company with HPCLfor
 distribution and marketing of CNG, Auto LPG, Natural Gas and other
 gaseous fuels in Andhra Pradesh with the equity participation of 22.50%
 of the paid up capital. The Company has an investment of Rs. 0.01
 Crores and has been allotted 12,497 equity shares of Rs 10 each of the
 Company. The Company has further paid Rs 17.48 Crores [Previous Year:
 Rs. 9.98 Crores) as advance pending allotment of equity shares.
 
 (v) Tripura Natural Gas Company Limited: A Joint Venture Company with
 Assam Gas Company Limited and Tripura Industrial Development
 Corporation for transportation and distribution of natural gas through
 pipelines in Tripura with the equity participation of 29% of the paid
 up capital.The Company has paid Rs 0.83 Crores (Previous Year: Rs. 0.83
 Crores) as advance pending allotment of equity shares.
 
 (vi) Central UP Gas Limited: A Joint Venture Company with BPCL to
 supply gas to domestic, commercial and small industrial consumers and
 CNG for transport sector in Kanpur, Uttar Pradesh with the equity
 participation of 22.50% of the paid up capital.The Company has an
 investment of Rs. 13.50 Crores and has been allotted 1,35,00,000 equity
 shares of Rs 10 each of the Company.
 
 (vii) Green Gas Limited: A Joint Venture Company with IOCL to supply
 gas to domestic, commercial and small industrial consumers and CNG for
 transport sector in Agra & Lucknow, Uttar Pradesh with the equity
 participation of 22.50% of the paid up capital.The Company has an
 investment of Rs. 0.01 Crores and has been allotted 12,500 equity
 shares of Rs 10 each of the Company. The Company has paid Rs 15.48
 Crores (Previous Year: Rs. 7 Crores) as advance pending allotment of
 equity shares.
 
 (viii) Maharashtra Natural Gas Limited: A Joint Venture Company with
 BPCL to supply gas to domestic, commercial and small industrial
 consumers and CNG for transport sector in Pune, Maharashtra with the
 equity participation of 22.50% of the paid up capital.The Company has
 an investment of Rs. 0.03 Crores and has been allotted
 
 25,000 equity shares of Rs 10 each of the Company. The Company has paid
 Rs 22.48 Crores (Previous Year: Rs. 18.48 Crores) as advance pending
 allotment of equity shares.
 
 (ix) Ratnagiri Gas and Power Private Limited: A Joint Venture
 
 company promoted by GAIL, NTPC and other Financial Institutions for the
 revival of the Dabhol Project with the equity participation of 28.33%
 of the paid up capital.The Company has an investment of Rs.  500.00
 Crores and has been allotted 50,00,00,000 equity shares of Rs 10 each
 of the Company. The Company has paid Rs 192.90 Crores (Previous Year:
 Nil) as advance pending allotment of equity shares.
 
 (x) Avantika Gas Ltd. A Joint Venture company promoted by GAIL and HPCL
 to supply gas to domestic, commercial and small industrial consumers
 and CNG for transport sector in MP with the equity participation of
 22.5% of the paid up capital.The Company has an investment of Rs. 0.01
 Crores and has been allotted 12,500 equity shares of Rs 10 each of the
 Company. The Company has paid Rs 13.50 Crores (Previous Year: Rs. 13.50
 Crores) as advance pending allotment of equity shares.
 
 The Companys share in the assets and liabilities as at 31 st March,
 2009 and in the Income and expenditure for the year in respect of above
 Joint ventures, based on unaudited statements of accounts as furnished
 by them, is as under: Final adjustments shall be effected during the
 year in which audited accounts are received.
 
 16.  Jointly Controlled Assets
 
 (i) The Company has participated in joint bidding under the
 
 Government of India New Exploration Licensing Policy and overseas
 exploration bidding and has 24 Blocks (PY 24 Blocks) for which the
 Company has entered into Production Sharing Contract with respective
 host Governments along with other partners for Exploration & Production
 of Oil and Gas. The Company is a non- operator, except in Block
 RJ-ONN-2004/1 where it is a joint operator, and would share in
 Expense/lncome/Assets/Liabilities based upon
 
 (iv) The Companys share in the assets and liabilities as at 31st March
 2009 and in the Income and the expenditure for the year in respect of
 joint operations project blocks has been incorporated in the Companys
 financial statements based upon un audited statement of accounts
 submitted by the operators are given below and final adjustments shall
 be effected during the year in which audited accounts are received.
 
 (v) Share of Minimum work programme committed under various
 
 production sharing contracts in respect of E & P joint ventures is Rs
 585.67 Crores (Previous Year: Rs 449.72 Crores)
 
 17.  In compliance with amended Clause 32 of the Listing Agreement with
 Stock Exchanges, the required information are given in Annexure C.
 
 18.  In some cases, the Company has received intimation from Micro and
 Small Enterprises underThe Micro, Small and Medium Enterprises
 Development Act, 2006. The Company has certified that as a practice,
 the payment to Suppliers is made within 7-10 days. No payments beyond
 appointed date were noticed. The amount remaining unpaid as at 31st
 March 2009isRs.1741.78Crores (Previous Year: Rs. 1627.02 Crores). No
 payments beyond the appointed date were noticed. No interest was paid
 or payable under the Act.
 
 19.  Following Government of Indias approval, the shareholders of the
 Company in the Annual General Meeting held on 15th September, 1997
 approved the transfer of all the assets including Plant and Machinery,
 accessories and other related assets which are part of Lakwa Project to
 Assam Gas Cracker Complex at a price to be determined by an independent
 Agency and on terms and stipulations as the Board may in its discretion
 deem fit.The Cabinet committee on Economic affairs (CCEA) has approved
 the setting up of Assam Gas based cracker project at Lepetkata by
 formation of a JVC in which GAIL will have equity participation of 70%.
 A company by the name of Brahmaputra Cracker and Polymer Limited has
 been incorporated during 2006-07. The gross block of fixed assets and
 Capital work in progress value of Lakwa unit is Rs.252.58 Crores as on
 31 st March 2009 (Previous Year: Rs. 252.16 Crores).
 
 20.  Non-Refundable Deposits made with the concerned authorities for
 railway crossings, forest crossings, removal and laying of
 electric/telephone poles and lines are accounted for under Capital
 Work-in-Progress on the basis of work done/confirmation from the
 concerned department.
 
 21.  Balances grouped under Material with Contractors, Sundry Debtors,
 Loans and Advances, Deposits and Sundry Creditors, etc. are subject to
 confirmation.
 
 22.  Duty Entitlement Pass Book (DEPB)/Duty Entitlement Exemption
 Certificate (DEEC) income is accounted for on the basis of
 acceptance/certificate issued by Director General of Foreign Trade
 (DGFT).
 
 23.  The Company has incurred an expenditure of Rs 0.32 Crores
 (Previous Year: Rs. 0.32 Crores) on account of proposed City gas
 projects to be set up under JV which is accounted under capital Work in
 progress.This amount would be recoverable from the proposed Joint
 ventures to be formed for city gas distribution projects in India.
 
 24.  In accordance with the approval of the Shareholders in the Annual
 General Meeting held on 4th September 2008, the Company has during the
 year allotted Bonus Shares in the ratio of one equity share for every
 two equity shares held by share holders.The paid up share capital of
 the company increased to Rs. 1268.48 Crores. EPS of the current and
 previous year has been calculated in accordance
 
 with Accounting Standard-20 as notified under Companies Accounting
 Standard Rules, 2006. Further, the Board in its meeting held on 6th
 October 2008 had approved the appointment of Independent Trustee for
 disposal of odd lot of shares. Accordingly, resulting 17,532 fractional
 equity shares for 35,064 shareholders were consolidated and allotted to
 the Trustee who sold the same and distributed the sale proceeds equally
 among all entitled shareholders. The calculation of basic and diluted
 earnings per share for the year ended 31.03.08 has been adjusted for
 bonus shares issued during 2008-09.
 
 25.  In terms of approval of Board of Directors, theCompany levied
 service charge  Rs.110/- per 1000 SCM w.e.f. 1.10.2008 on supply of
 Natural Gas to APM customers and intimated to Ministry of Petroleum &
 Natural Gas (MOP&NG). In terms of MOP&NG letter dated 20.04.2009,
 revenue of Rs.89.41 Crores recognised in the books of Accounts towards
 service charge till 31.3.2009 have been reversed and provision of Rs.
 2.64 Crores has been made for taxes doubtful of recovery.
 
 26.  The Profit & Loss Account includes: -
 
 (a) Expenditure on Public Relations amounting to Rs 11.89 Crores
 (Previous Year: Rs 9.16 Crores). The ratio of annual expenditure on
 Public Relations and Publicity to the annual turnover is 0.0005:1
 (Previous Year: 0.0005:1).
 
 (b) Research and Development Expenses Rs Nil (Previous Year: Rs 0.01
 Crores).
 
 (c) Entertainment Expenses Rs.0.11 Crores (Previous Year: Rs 0.45
 Crores).
 
 27.  Previous Years (PY) figures have been regrouped and recast to the
 extent practicable, wherever necessary. Figures in brackets indicate
 deductions
 
 RELATED PARTY DISCLOSURES U
 
 I) Relationship
 
 A) Joint Venture Companies/Associates
 
 1) Mahanagar Gas Limited
 
 2) Indraprastha Gas Limited
 
 3) Petronet LNG Limited
 
 4) Bhagyanagar Gas Limited
 
 5) Tripura Natural Gas Corporation Limited
 
 6) Central UP Gas Limited
 
 7) Green Gas Limited
 
 8) Maharashtra Natural Gas Limited
 
 9) Avantika Gas Ltd.
 
 10) Shell Compressed Natural Gas
 
 11) Gujrat State Electricity Generation Ltd.
 
 12) National Gas Company Nat Gas
 
 13) Fayum Gas Company
 
 14) China Gas Holding Ltd.
 
 15) GAIL China Gas Global Energy Holding Ltd.
 
 B) Whole time Directors:
 
 1) Dr U. D. Choubey .Chairman and Managing Director
 
 2) ShriR.K.Goel
 
 3) Shri M. R. Hingnikar (up to 27th July 2008)
 
 4) Shri Santosh Kumar
 
 5) Shri A.K. Purwaha
 
 6) Shri BCTripathi
 
 C) Unincorporated Joint venture for Exploration & Production
 Activities:
 
 1) NEC-OSN-97/1 (Non-operator with participating interest: 50%,
 
 GAIL has relinquished from the Block on 11th September 2007)
 
 2) CB-ONN-2000/1 (Non-operator with participating interest: 50%)
 
 3) A-1, Myanmar (Non-operator with participating interest: 10%)
 
 4) CY-OS/2 (Non-operator with participating interest: 25%)
 
 5) AA-ONN-2002/1 (Non-operator with participating interest: 80%)
 
 6) CY-ONN-2002/1 (Non-operator with participating interest: 50%)
 
 7) AA-ONN-2003/2 (Non-operator with participating interest: 35%)
 
 8) CB-ONN-2003/2 (Non-operator with participating interest: 20%)
 
 9) AN-DWN-2003/2 (Non-operator with participating interest: 15%)
 
 10) A-3, Myanmar (Non-operator with participating interest: 10%)
 
 11) Block 56, Oman (Non-operator with participating interest: 25%)
 
 12) RJ-ONN-2004/1 (Joint operator along with GSPCL and having
 participating interest of 22.225%)
 
 13) KG-ONN-2004/2 (Non-operator with participating interest: 40%)
 
 14) MB-OSN-2004/1 (Non-operator with participating interest: 20%)
 
 15) MB-OSN-2004/2 (Non-operator with participating interest: 20%)
 
 16) RM-CBM-2005/III (Non-operator with participating interest: 35%)
 
 17) TR-CBM-2005/III (Non-operator with participating interest: 35%)
 
 18) MR-CBM-2005/III (Non-operator with participating interest: 40%)
 
 19) AD-7, Myanmar (Non-operator with participating interest: 10%)