Deep Industries Limited started in the year 1991, with a primary objective of catering

the ever increasing demand for Oil and Gas Industry.

Since its inception, Deep Industries Limited has been serving the industry in various
segments with the foremost being providing Air & Natural Gas Compressor Services on
chartered hire basis, wherein company commands a healthy market position and is also
the first company in India to offer such services.
In the year 2006, company successfully diversified itself in providing Workover & Drilling
Rig Services on chartered hire basis. Currently, company holds a strong fleet of Onshore
Workover & Drilling Rigs ranging from 150 HP TO 1500 HP.
Apart from starting as a Service provider, Deep Industries Limited successfully forayed
itself in Exploration and Production segment and having various Onshore Oil and Natural
Gas blocks, Coal Bed Methane Blocks awarded under different rounds of NELP and CBM
bidding.
After successful run in Exploration and Production Business in India, Deep Industries
Limited has also been awarded One (1) Onshore Coal Bed Methane Block in Indonesia
The Company has grown up to be a "One Stop Solution" provider for every need in Oil
and Gas field operations by catering various equipment and services under rental and
chartered-hire basis

Milestones
A total solution provider in oil and gas field since the year 1991
First company in India to provide high pressure air compressor on charter hire basis
First company in India to provide natural gas compressors on charter hire basis
Largest private sector natural gas compression company in India
First company to provide natural gas compression services globally
Awarded service contract for the development of three Marginal Field Gas blocks by
ONGC
Equipped with well defined Quality, Health, Safety and Environmental Policy as per
International and Industrial safety norms.

Chairman Speech

DEEP Industries Limited (DIL), is a well diversified Oil & Gas Company with business
interest in Air and Natural Gas Compression Services, Work over & Drilling Rig Services
and Oil & Gas Exploration and Production.
We are pioneer in the service sector of oil and gas fields, mainly in Natural Gas
compression services and we are also in the business of providing Workover, Drilling Rig
and allied services.
The upcoming years bring tremendous challenges and offer immense opportunities. The
Indian economy is on a fast growth track and would need the full support of the energy
sector to meet burgeoning expectations. With the impending competition, the response
time available will drastically reduce. DIL needs to be equipped to move with speed and
agility. Although the challenges are many, we believe that DIL is well placed to deliver
value to all its stakeholders in this competitive environment.
DIL has, over the years, invested time and effort in building up a strong infrastructure
and information system capabilities. With the dedicated team of people at all levels, I
am confident that DIL will be able to continue to deliver outstanding results in the days
to come. Your continued support would further strengthen our hands as we set out to
scale new heights of performance.
DIL always strive hard to provide value to its customers and shareholders through every
initiative that it has undertaken. Meeting customer expectations and ensuring their
satisfaction at all times has been made possible by the untiring efforts of our minds at
work. I would also like to assure all our customers that DIL will continue with its tradition
of providing the best services possible.
I am deeply thankful for the guidance and support provided by the Ministry of Petroleum
& Natural Gas (MOPNG) and the other Ministries of the Central and State Government.
DIL employees have been a pillar of strength in all our endeavors. The Team DIL
relentlessly strives to exceed the expectations of its customers and endeavors to create
superior value for all its stakeholders through the use of the best standards of
operations, technologies and safety, health and environmental practices. The excellent
results achieved during the year can be attributed to the sterling efforts of the
employees across the organization. I, along with my colleagues on the Board, would like
to convey our thanks and appreciation for their commitment and zeal in achieving our
corporate goals.
I also thank my colleagues on the Board, whose support and leadership has been
invaluable, especially at a time when the organization had to deal with major
challenges.
Above all, thanks are due to you, our share owners, for your confidence and unflinching
belief in our ability to deliver value. I would like to take this opportunity to reiterate our

commitment to work towards meeting your high expectations on a sustained basis.

Thank you, Ladies and Gentlemen.
Paras Savla
Chairman
Deep Industries Limited

Mission
To be premier services provider to OIL and GAS industry through the integration of
motivated people, quality environment and innovative technology.

Vision
Dil shall become a premier services providing company committed to meet and exceed
the requirement of the customers, employees, contractors and share holders.
DIL is focused on deploying fuel efficient, latest equipment in the Oil and GAS industry.
Our short-term vision is to focus primarily in the domestic and selective international
market.
Our long-term vision is to be an integrated service provider.

Core Values
Financial
Our decision will be made to ensure long term growth for benefit of employees,
customers, and share holders

Integrity & Honesty

Our decisions will be conducted following the highest standards of ethics, honesty and
personal integrity. This will foster and maintain trust and confidence of our employees,
customers and suppliers.

Respect for employees, customers & suppliers

Our employees will be developed and motivated to meet the challenges ahead. We

provide our costumers with unsurpassed value-added services. Our relationship with
suppliers will reflect respect, understanding and sound business practices

Health, Safety and Environment

Personal safety and employees health is our greatest responsibility, followed by the
protection of our environment and company property.

Technical
Our competitive advantage is based on continuously improving our processes and
finding innovative solution to the technical challenges in meeting the needs of our
customers

Workover and Drilling Rigs

We are one of the leading service provider for Coring, Air Drilling, Workover and Drilling
Rig Services to various Oil and Gas Companies in India. Our strength is in providing
complete Rig Package with all associated equipment and services to onshore Oil and
Gas Industry. We currently hold wide range of Onshore Workover Rigs ranging from 150
HP to 1000 HP and Drilling Rigs from 350 HP to 1500 HP, Coring Rig and Air Drilling Rig
are capable to carry out Coring / Workover and Drilling operations.

We have remarkably carried out and successfully completed various contracts for
different operators.

We are also very well recognized under International Association of Drilling Contractors
(IADC) and have a remarkable background in the area of Health, Safety and
Environment (HSE).

We offer following Coring / Workover and Drilling Rig

Services.

Slim Hole Coring Rig especially for CBM field, which can go upto depth of 1500
mtr.

Air Drilling Rig

Onshore Workover Rigs of varied capacity (from 150 HP TO 1000 HP)

Onshore Drilling Rigs of varied capacity (from 350 HP to 1500 HP)

Casing retrieval

Well stimulation

Planning, designing and executing of well service programs for critical wells

Rehabilitation of sick / abandoned oil and gas wells

Multi zone completions.

Fishing

Milling

P/O & R/I of Tubings

Cement Plug Drilling

Scrapping,Conversion to S/Rod Completion

Logging & Perforation

Coil Tubing

Gas Lift Valve (GLV)

We provide Coring / Workover and Drilling Rig Services on

basis of :

Charter Hire Basis

Dry Lease

Integrated Services
Deep Industries Limited, in addition to its Workover / Drilling / Coring Rig Services, Air &
Natural Gas Compression Services, also serves in the minute areas of Oil and Gas Field
operations which includes various equipments and services available on rental &
chartered- hire basis which in turn helps in bringing resources to the surface.

Deep Industries Limited is definitely a one stop solution for all your needs in oil and
gas field operations.

List of services provided are classified as under :

Services available on chartered hire

Workover / Drilling / Coring Rig Services

Gas Compressors

Air Compressor

Seperators

Well Testing Services

Mud Services

Steaming Unit Services

Diesel Pumping Unit

Installation of Sucker Rod Pumps and Maintenance

Laying Gas Pipelines

Transportation of Equipments

Crane Services

Operation and Maintenance of Services

Drilling Water Supply

Accomodation Services

Canteen Services

Fuel Supply

Diesel Tanker Supply

Crude Tanker Supply

Equipments available on rental basis

Build Own Operate (BOO), Fishing Tools

Drill Pipes

Drill Collars

Casing

Tubing

Sucker Rods

HQ rods

Pony Rods

Sucker Rod Pumps

Mudpumps

Cementing & Fracturing Pumps

Mud Handling System

Blow Out Preventer

BOP control unit

Handling tools

Bunk Houses

Water Tanks for Drilling Operation

DG Sets

Gas Based Generators

Power Generation from 10 KVA to 100 MW.

X-overs/ Bit Sub/ Kelly Sub

Drilling Spools

Scrappers

Deviation Survey Unit

Electrical Air Compressors

Kelly & Kelly Cocks etc.

The following services are also provided:

Purchase & Procurement of Equipment and Services Oil & Gas operations.

Deployment of Equipments on rental basis.

Deployment of Services on Chartered Hired basis.

Logistics services.

Custom Clearance.

Marginal Fields
We have been awarded three Onshore Marginal Fields by Oil and Natural Gas
Corporation Limited ("ONGC"), for a period of 17 years starting from FY '07, as a part of
its "Marginal Field Monetization Program".
These fields, which form a part of the Jaisalmer-Mari High basin and spread over an area
of 100 sq. km (approximately) and have a cumulative Natural Gas reserve of 1.4 Billion
Cubic Meter (BCM).

Rajasthan Gas Fields

Location: Jaisalmer,
Rajasthan

Basin : Jaisalmer Mari

High Basin

Project Phase:
Development

Area : 100 sq km2

Contract Award: 2007

Participants: Deep
Industries - 100%

The three Onshore Marginal Fields were awarded to DIL by Oil and Natural Gas
Corporation Limited ("ONGC"), starting from April 2007, as a part of its "Marginal Field
Monetization Program". The Fields are part of the Jaisalmer-Mari High basin containing 1.
42 BCM of gas reserves, spread across 100 Km2 and are located in the state of
Rajasthan approximately 100 kms north of Jaisalmer, close to the International border
with Pakistan.
The three gas fields are:

Ghotaru

Bankia

Kharatar

DIL has serviced the gas wells and created surface facilities including laying of a 16 km
long pipeline connecting wells from Ghotaru and Bankia and creating of a Gas collecting
station at Bankia. The GCS was completed in 2012 having facilities for separation,
purification and compression of natural gas. DIL has installed first of its kind Natural gas
purification and drying unit for gas processing at the GCS. The process and compressed
gas is planned to be supplied to customers in and around Jaisalmer region.

Exploration and Production

With a motive to religiously work towards the development of hydrocarbon sector, Deep
Industries Limited (DIL) has diversified to Exploration and Production vertical from being
a service provider to the sector. DIL has a portfolio of onshore exploration & production
assets in both conventional and unconventional hydrocarbon category. Around 12000 sq
km of area is available with the company for carrying out its exploration & production
operations with approximately over 1350 MMBOE of in place hydrocarbon resource. The
company currently has 7 E&P assets in India and 1 CBM asset in Indonesia with two
other prospective assets expected to be awarded soon. In addition, DIL has three
onshore gas fields in Jaisalmer district, which were awarded to the company by ONGC in
2007.

The Opportunity
With a projected growth rate of 8-9%, India is amongst the fastest growing economies of
the world. Consequently, India's energy demands are expected to treble by 2035. In
India, gas make up around 10% of the current energy basket as against the global
average of 24% which shows a huge potential for growth. The natural gas demand in
India is expected to grow at a CAGR of around 10% over the next 5 years thereby
making India a major player in the global gas market.

The Strength
Being associated with the hydrocarbon sector for over 23 years helped DIL to
understand the E&P sector very well. The diversity of E&P assets owned by the
company has brought rich experience of exploration as well as developmental activities.
An ability to manage multi-faceted operations matched with a team of experienced and
trained manpower guided by a healthy management has strived for effective execution
of the E&P jobs and resulted as recognition and respect in the hydrocarbon industry.

Building Partnerships
Successful E&P operations require diversified knowledge and expertise in various
domains and hence call for a collective effort. DIL has build along various business
partnerships as it climbed up the success ladder. We have strategic partnerships with

the market leaders, both national and international, having expertise in domains like
G&G modelling and related studies, drilling and allied well services, equipment/ spares
supply and maintenance etc. The responsible attitude of DIL has led to tie-ups for joint
asset development and gas marketing with national giants.
We have been successful in acquiring four (4) onshore Oil and Gas block under various
rounds of New Exploration Licensing Policy by Government Of India, in which one (1)
block is awarded under NELP-VII and other three are awarded under NELP-IX

Oil & Gas Blocks:

SR - ONN - 2005/1:
Location: Chattisgarh

Project Phase: Exploration

Contract Award: 2008

Basin: Satpura Rewa Basin

Area: 789 sq km2

Participants: Deep Industries Ltd. - 70%

Deep Energy LLC - 10%

Kanvel Finance Pvt. Ltd. - 10%

Savla Electronics Pvt. Ltd. - 10%

Awarded under the New Exploration Licensing Policy (NELP) VII round in 2008, the block
is situated in Chattisgarh bordering Madhya Pradesh in the west. Numerous gas shows
occurring in the basin are pointers to generation of hydrocarbons. This area is
considered to hold a good potential for striking hydrocarbons. However, extensive
exploration is warranted for commercial discovery. Structural Highs and fault closures
are the primary exploration targets in this block. The prognosticated gas resource for
the block is around 60 MMBOE. Environmental Clearance for the block is expected to be
received soon.
CB-ONN-2010/3
Location: Gujarat

Project Phase: Exploration

Contract Award: 2012

Basin: Cambay Basin

Area: 534 sq km2

Participants: Deep Energy LLC 10%

KGN Oil & Gas Pvt. Ltd. - 90%%

The block is located in India's best onshore basin with established petroleum system.
The depositional environment, source rock, traps, reservoir condition found in this
region shows good indication of hydrocarbon formation in this block. Indications of oil in
an exploration well adjacent to the block have confirmed generation of oil in this part of
the basin. The region also has a good seismic coverage and other geological data as
required for undertaking successful petroleum operations. With a prognosticated
resource of 170 MMBBOE, the block lies in the heart of developed infrastructure for
hydrocarbons with very conducive working environment. The region also boasts a
mature gas market with various consumers in the vicinity to this block. Currently
environmental clearances activities for the block are in progress post receipt of which
exploration activities will be started in the block.
VN-ONN-2010/1

VN-ONN-2010/2

Location: Madhya Pradesh

Location: Madhya Pradesh

Basin: Vindhyan Basin

Basin: Vindhyan Basin

Project Phase: Exploration

Project Phase: Exploration

Contract Award: 2012

Contract Award: 2012

Area: 3776 sq km2

Area: 4909 sq km2

Participants: Deep Energy LLC 10%

Participants: Deep Energy LLC 10%

KGN Industries Ltd. - 90%

Deep Natural Resources Limited - 15%

Safal WSB Energy Pvt. Ltd. - 75%

The two blocks have been awarded under the Xth round of NELP bidding and are located
in the state of Madhya Pradesh. The two blocks cover an area of around 8685 sq. Kms
with a total estimated prognosticated resource of around 210 MMBOE. Very recently gas
has been discovered in the region at shallow depths. The blocks are very close to DIL's
existing blocks i.e. Chattisgarh block and Singrauli CBM block and have very favourable
logistics and working environment with readily available gas markets. Currently
environmental clearances activities for the two blocks are in progress post receipt of
which exploration activities will be started in the block.

Coal Bed Methane (CBM)

We have successfully forayed into CBM Exploration sector since the year 2007 by
bagging two CBM Blocks within India under CBM-III round of Open Competitive Bidding
procedure carried out by Government Of India. We have also been successful in
acquiring one CBM Block in Indonesia.

Highlights of Block in Indonesia are as follows:

MM III CBM Block

Location :
Indonesia

Basin : Kutei Basin

Project Phase:
Exploration

Area : 996 sq km2

Contract Award:
2011

Participants: Deep Industries

Limited - 25%
Monnet Ispat & Energy
Limited - 75%

Awarded in 2011, the block is a part of Kutei basin of Indonesia. The block covers an
area of about 996 sq. Kms and has a prognosticated in place gas resource of 2900 bcf.
The consortium led by DIL has already setup an office in Jakarta with required
manpower. The work program and the budget for the block have been approved by the
competent authority of Indonesia. The well locations have been identified and currently
land acquisition activities and other baseline studies are under progress. Post
submission of the preliminary reports and receiving a go ahead, the core hole drilling
and data gathering program will be started in the block.

Highlight of Blocks in India are as follows:

SR-CBM-2005/III

Location: Madhya Pradesh

Basin : Singrauli Basin

Project Phase : Assessment

Area : 330 sq km2

Contract Award: 2006

Participants: Coal Gas Mart - 10%

Deep Industries Limited - 90%

The CBM block located in Madhya Pradesh was awarded in 2006 under the third round
of CBM bidding and is adjacent to commercially proved CBM reserves. Prognosticated in
place gas resource for the block is 1106 bcf. DIL has completed Phase-I of the CBM
contract by drilling core holes and test wells as per the work commitment for the block
and the fairway areas have been identified. After requisite infrastructure development
including pipelines and surface facilities, currently the test wells are put under
dewatering which have shown promising results. Going forward, DIL plans to drill few
more test wells as a part of Phase-II program so as to substantiate the field results
obtained so far. During the work undertaken, DIL has developed few innovative
techniques in CBM drilling and completions so as to help minimise the use of resources.
Very soon, DIL will be looking for market commitments for the gas that will be produced
from this block.
GV(N)-CBM-2005/III

Location: Andhra Pradesh

Basin : Godavari Basin

Project Phase: Exploration

Area : 386 sq km2

Contract Award: 2006

Participants: Coal Gas Mart - 10%

Deep Industries Limited - 40%
Adinath Exim Resources - 50%

This CBM block in Godavari Basin was awarded in 2006 under the third round of CBM
bidding and is located in the state of Andhra Pradesh. DIL has applied for environmental
clearance for the activities that are planned to be carried out in the block. Based on the
data available for the block and the information collected from the nearby mining
regions, a few prominent coal seams can be identified which have good gas potential.
The corehole locations have been identified and land for the core holes has already
been acquired. On site execution of the planned activities will be undertaken soon after
the environmental clearance is received.

Board Of Directors

Chairman & Managing Director

Mr. Paras Savla

Managing Director
Mr. Rupesh Savla

Executive Director
Mr. Dharen Savla

Executive Director
Mr. Prem Singh Sawhney

Independent Director
Mr. Arun N. Mandke

Independent Director
Mr. Harish G. Bhinde

Independent Director
Mr. Kirti V. Joshi

Independent Director
Mr. Sanjay H. Parekh