Project Profile
Value: US$70 million
Location: Bay of Bengal, India
Reserves: Unknown
Start-up Year: -
Area: 16,500 square kilometres
Water Depth: 400m to 2,300 metres
Santos has secured two offshore deepwater exploration licences in the Bay of Bengal, with a commitment to an eight-year US$70 million (A$90 million) work program. Santos subsidiary, Santos International Operations Pty Ltd, has been awarded a 100% working interest and operatorship of blocks NEC-DWN-2004/1 and NEC-DWN-2004/2, covering approximately 16,500 square kilometres in the Northeast Coast Basin, in the Northern Bay of Bengal.
The blocks are approximately 250 kilometres south southeast of Kolkata and 175 kilometres from the Indian coast. Water depth ranges from 400 to 2,300 metres. The work program for Block NEC-DWN-2004/2 includes 2D and 3D seismic surveys and one exploration well. The work program for NEC-DWN-2004/1 consists of 2D and 3D seismic surveys. The exploration period for both blocks is 8 years.
Operators:
Santos: Operator with 100% interest