Gulf Oil and Gas accountACCOUNT

OIL Commences Seismic Survey in Andaman

Source: www.gulfoilandgas.com 10/8/2020, Location: Asia

Oil India Limited (OIL), India’s second largest National ‘Navratna’ E&P Company, in terms of total proved plus probable oil and natural gas reserves, has kick started its offshore operations today in Andaman Shallow Waters with the deployment of a state-ofthe-art multi-purpose seismic data acquisition vessel “SW Vespucci” for acquisition of 8400 LK of 2D seismic data in its OALP-III blocks AN-OSHP-2018/1 & AN-OSHP-2018/2.

The exploration efforts in Andaman Offshore are being resumed after a long period of time. On the Onshore front, OIL was the first company to commence 2D & 3D seismic data acquisition in any Onshore OALP block in the country and also the first company to complete the committed seismic work programme in an Onshore OALP block. This is in line with the vision of Hon’ble Prime Minister of Atmanirbhar Bharat by enhancing domestic exploration and production and reduce dependence on imports.

Shri Sushil Chandra Mishra, CMD, OIL, on the occasion informed that the company has drawn up plans to intensify its exploration efforts in the country and increase exploration CAPEX in the coming years. He further stated that the data acquisition in Mahanadi onland blocks in the state of Odisha would begin shortly and the exploration drilling campaign in its OALP blocks would commence during 2021-22. OIL plans to carry out about 15000 LKM of 2D API, 4000 sq-km of 3D API and drill 66 wells in OALP blocks in the next 3-4 years.

OIL was awarded 21 blocks spread over Assam & Assam Arakan basin, Rajasthan, Mahanadi Onland, Andaman and Kerala-Konkan Offshore basins. Through this process, the company has consolidated its position as the leading Operator in Northeast with a total acreage area of 17000 sq km. The company has been actively participating in the OALP rounds in an endeavor to intensify exploration and is expecting two more blocks under OALP V in the state of Assam which would take the acreage position of OIL in northeast to over 20000 sq km. Apart from consolidating its position in northeast and Rajasthan, OIL has made conscious efforts to carry out exploration in Category II & III sedimentary basins in line with Government of India’s thrust for exploration.

Seismic survey News in India >>

Canada >>  11/25/2020 - AVO compliant, fast-track PSTM products are now available for Blomidon, South Bank, and Torngat Extension, three new PGS surveys offshore Newfoundland...
Ghana >>  11/25/2020 - PGS has completed imaging of the first-ever MultiClient 3D seismic survey offshore Ghana. The broadband KPSDM data reveals sharper imaging of prolific...

Gabon >>  11/23/2020 - Panoro Energy reported total revenues of USD 7.59 million in the third quarter 2020, with positive EBITDA of USD 2.45 million. Numerous operational in...
Angola >>  11/20/2020 - Early-out PSTM products are now available from PGS’ latest MultiClient 3D survey in the Namibe Basin. New coverage over Blocks 29, 30, 44, and 45 brin...

Brazil >>  11/18/2020 - TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, commenced the Malvinas 3D program in Argentina. ...
Malaysia >>  11/17/2020 - Subsurface Imaging, part of CGG’s Geoscience division, has been awarded two large-scale complex seismic reprocessing contracts by PTTEP. ...




India Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.