Exploration & Production Business

As a part of Exploration and Production Business (“E&P Business”), Gujarat Energy Limited holds Participating Interest (“PI”) in 12 operational Oil and Gas Blocks (“Operational E&P Assets”).

11 of our Operations E&P Assets are onshore assets located within Cambay Basin in Gujarat while 1 Operational E&P Asset is and offshore asset located in KG Basin.

As of March 2026, since commencement of production operations from the respective Operational E&P Assets, the Company and the Joint Venture Partners have achieved aggregate cumulative production of 48 Billion Cubic Feet of Gas, 7.58 Million Barrels of Oil and 0.2 Million Barrels of Condensate.

Map Showing GEL E&P Assets located in Cambay Basin

Following table summarizes the Operational E&P Assets Portfolio of Gujarat Energy Limited:

Sr. No.	Name of Block/PSC	PML/Fields	PML Area (Sq. Km.)	GEL’s PI	Other Partners & PI	Operator
1	CB-ONN-2000/1 (Ahmedabad Block)	Ingoli	14.04	50%	GAIL – 50%	GEL
		Sanand East#1	5.71
2	CB-ONN-2000/1 RFPSC (Ahmedabad Ring Fenced PSC Block)	Balpura	37.32	50%	GAIL – 50%	GEL
3	CB-ON/2 (Tarapur Old PSC Block)	Tarapur#1	2.14	56%	ONGC – 30%; GGRB – 14%	GEL
		Tarapur#6	4.87
		Tarapur#G	0.54
4	CB-ON/2 RFPSC (Tarapur Ring Fenced PSC Block)	CB-ON/2 RFPSC	570	80%	GGRB – 20%	GEL
5	CB-ONN-2002/3 (Sanand – Miroli) Block)	SE#4-8-1	18	55%	SEPL-20%, HPCL-15%, GGRB-10%	GEL
6	CB-ONN-2003/2 (Ankleshwar Block)	ANK#21	1.6	50%	SEPL-20%, GAIL-20%, GGRB-10%	GEL
		ANK#40S	11.09
7	Kanawara Field	Kanawara	6.3	70%	GNRL – 30%	GNRL
8	Asjol Field	Asjol	15	50%	HOEC – 50%	HOEC
9	North Balol Field	N. Balol	27.3	45%	HOEC – 55%	HOEC
10	CB-ON/7 (Palej Field)	Pramoda & S. Pramoda	7.64	35%	HOEC – 35%, ONGC-30%	HOEC
11	CB-ON/7 RFPSC	Palej RFPSC	97	35%	HOEC – 35%, ONGC-30%	HOEC
12	KG-OSN-2001/3 Block	DDW	37.5	10%	NGC – 80% JODPL – 10%	ONGC