Production Assessment and Enhancement – Ravva and Cambay Fields

Conducted independent subsurface studies to estimate expected oil and gas production profiles for reservoirs associated with these fields; the scope of work included:

1. For all reservoirs performed independent reviews of:
   1. In-place volumetric estimates including assumptions used in Static model/ map-based analysis;
   2. MBAL models developed by the Company;
   3. Of the data provided, especially production data used for Decline Curve Analysis and production forecasting.
2. In-place volumetric estimates including assumptions used in Static model/ map-based analysis;
3. MBAL models developed by the Company;
4. Of the data provided, especially production data used for Decline Curve Analysis and production forecasting.
5. Where applicable, reviewed the static and dynamic model used by the Company for production forecasting
6. Identified short-term production enhancement opportunities including: adjusting gas lift systems, installing submersible pumps, using formation gas to provided gas lift, repurposing of some production wells, plugging of well sections to reduce water ingress, use of chemical treatments to reduce water inflow from lower formations, replacing gravel packs and screens, careful management of production to reduce water inflow in to wells.

Identified methods that could be used to implement the short-term production enhancements given that the facilities were for the most part unmanned. Solution identified for equipment deployment and well work overs included: Coil Tubing, Wire Line Systems, Skidded Work Over Rigs and Jack-up Rigs.