Niko Resources

Though it holds exploration rights to 37,000,000 acres (150,000 km2) of land in 7 countries production currently (2011) only takes place in India and Bangladesh.

Major acquisitions include a $310 million November 18, 2009 purchase of Black Gold Energy (a move that made it a major player in deepwater exploration in Indonesia, the deal was completed in December 2009) followed by the 2010 $37.6 million acquisition of Voyager Energy which expanded its presence in Trinidad (that deal was completed in March 2010).

[16] Exploration capital expenditure in the first half of 2010 ($96 million) was spent mostly in India (34.4%), Indonesia (28.1%) and Madagascar (22.9%).

The field has recently completed cumulative 3 million safe working hours without LTI.

The 50 km2 block (onshore and offshore) is 33% owned by Niko and contributes approximately 3% of total revenue (as of June 2011).

D6 block in India (10% interest, production began in September 2008) - Although a major natural gas producer the company has recently been negatively affected by 5 year fixed price contracts.

Natural gas produced is purchased under long-term contracts and sold on the spot market.

D4 Block (15% interest, controlled by Reliance Industries 85%) - located in the Orissa Basin it covers over 4,000,000 acres (16,000 km2) of offshore land.

Additionally, the company accidentally caused an explosion and initially refused to pay for damages, although eventually did compensate the 620 affected families.

During this time, they gave the minister responsible for overseeing compensation claims a Luxury SUV.

[7] Niko hired consultancy firm Stratum Developments Ltd which distributed bribes among Bangladesh government officials.