Project Profile
(Additional Researched Project Information)
Value: Undisclosed
Location: India
Area: 135,660 acres approx
OIL India Limited (OIL) as operator of the KG-ONN-2004/1 exploration block (KG Onshore) has floated tenders for the major components of the drilling program which include the drilling rig, casing, wellhead & liner hanger, cementing and coring. The company anticipates these tenders to be awarded in the first quarter of 2012. The ancillary tenders for items such as wireline & mud logging are currently being finalized and are expected to be floated shortly.
Management anticipates the drilling of two shallow wells will commence by the end of the second quarter 2012 and one deep high pressure high temperature well will commence drilling during late third quarter or early fourth quarter of 2012.
Phase I:
Time scale: 4 years - February 18, 2008 to February 17, 2012
Part one: Reprocessing 564 line km. of 2D seismic
Part two: Gravity magnetic and geochemical survey
Part three: Seismic acquisition program consisting of 548 sq. km. of 3D seismic
Part four: Drill 12 exploration wells to various depths between 2,000 and 5,000 metres
Operators:
Oil India Limited: Operator with 90% interest
Geoglobal Recources Inc: 10% interest
Contractors:
KazakhstanCaspiyShelf: 3-D seismic survey
RPS Energy Canada