Krishna-Godavari basin). In 2003 it expanded operations outside of India, beginning with Bangladesh. In 2008 started operations in Pakistan (March, awarded four blocks), Madagascar (October, Grand Prix Block), Indonesia (November, awarded 4 blocks). Then in 2009 it purchased a 26% interest in a block in Trinidad, the block is held by a consortium of companies each with interests in it ranging from 29.25% (Centrica) to 35% (Petrotrin). When it acquired Voyager Energy, operations in Trinidad were expanded (Voyager held four blocks in the country including a 9.75% stake in the 2AB block, Niko's first (and only) interest in the region). In 2013, a panel of the International Centre for Settlement of Investment Disputes held that it had jurisdiction to hear two claims by Niko Resources (Bangladesh) Ltd. against entities owned by the Government of Bangladesh relating to two 2005 gas well blowouts in Bangladesh and to contracts for delivery of natural gas. In March 2019 Niko Resources was delisted from the Toronto Stock Exchange. Operations 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%). In India ownership of all major properties is shared with Reliance Industries. The Cauvery block & NS (North Surat, NELP 2) block are 100% owned by Niko. As of March 2011 total 2P reserves are about 200 million barrels of oil equivalent (1.2 trillion MMcfe) 64% of which is natural gas; that represents a 24% overall decline since 2010 (proved reserves saw the biggest decline down 29%). 98.6% of proved reserves is natural gas. Less than 2% of production/revenue comes from Canadian and Bangladeshi condensate. Currently (June 2011) only 2 of the 7 countries Niko has major operations in contribute revenue; The other five countries hold 41.8% of total assets by value. Though expansion outside of India is significant the country remains the most important source of cash flow and production with revenue per Mcfe of oil/gas production nearly twice that of Bangladesh. Production and earnings are forecast to fall significantly in 2012 due to lower gas production at India's D6, D4 and 9 blocks and new terminal maintenance costs from the D6 block. INDIA Hazira: It is a matured gas field. The field complies with latest international safety standards like ISO & OHSAS. The field has recently completed cumulative 3 million safe working hours without LTI. The 50 km2 block (onshore and