3 months ago
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Oil India undertook seismic survey of the blocks it was awarded during the ninth circular of the Open Acreage Licensing Policy (OALP) to illustration a bidding strategy for the tenth round, Chairman & Managing Director Ranjit Rath told The Hindu astatine the sidelines of the India Energy Week successful Goa earlier this week.
“As we speak, 2D seismic acquisition is complete. We had planned this overmuch before,” helium stated, adding, “We person besides completed 36% of the 3D seismic [study] alongside petroleum strategy modelling survey of the basins arsenic portion of our in-house study, investigation of locations and [to chart] a bidding strategy,” helium said.
“Now, we are present looking astatine OALP Round-X and would beryllium submitting bids [accordingly],” helium emphasised.
For context, Maharatna had submitted bids for 9 blocks, standalone and successful associated ventures, and won each successful the erstwhile OALP round. This expanded their acreage by much than 51,000 quadrate kilometres to 110,000 quadrate kilometres.
The institution had received blocks successful Assam Shelf basin, Mahanadi basin, Krishna Godavari basin and debuted successful the Cambay basin.
Exploration people
Further, successful effect to a query astir exploration targets, Mr. Rath informed the explorer is targeting to transverse 80 wells this year, and 100 the adjacent year.
Completed drilling 3,000 metres of the 3rd good successful the Andaman basin
Further, responding to a query astir the latest improvement astir the reported occurrence of earthy state successful the Andaman basin, Mr. Rath told The Hindu that Oil India has drilled 3,000 metres of the full 4,200 metre of the 3rd good it would drill – successful the Andaman basin.
The state-owned explorer had reported archetypal hydrocarbon occurrence successful the Andaman basin September past year. Oil India would beryllium drilling depot 4 wells successful the artifact which it acquired astatine the 2nd circular of the Open Acreage Licensing Policy (OALP) successful 2019. It was portion drilling the 2nd well, that is connected the eastbound portion of the seashore of Port Blair, that it established reported occurrence of earthy gas. That was astatine a extent of 2,200 metres of the full 2,600 metres drilled.
Mr. Rath stated the improvement imbibed assurance connected varied fronts. “One, that determination is beingness of hydrocarbon[s]; second, it is simply a petroliferous basin which is akin to the state fields that we person astatine the South of Andaman and besides North of Andaman,” helium stated.
Mr. Rath mentioned determination would beryllium a re-appraisal of the structure, that is, 2nd well.
“As portion of that, we person already reprocessed the 2D seismic information that we have, and person already planned to bash a 3D seismic information postulation [or API] for astir 600 quadrate kilometres successful that country followed by an appraisal well, and past we volition beryllium capable to archer you however large oregon tiny the find is,” helium informed.
