OIL & GAS

Oil India launches seismic campaign in Mahanadi

State-owned Oil India Ltd (OIL) on Friday launched a Rs 220 crore seismic campaign to locate oil and gas in the Mahanadi basin in Odisha, as it is boosting the country’s hydrocarbon resource base. Oil Minister Dharmendra Pradhan inaugurated the seismic survey campaign at Kakatpur in Puri District (Odisha), the company said in a statement.

OIL had won five blocks for hydrocarbon exploration in Odisha in two bid rounds under Open Acreage Licensing Policy (OALP).

“OIL plans to acquire, process and interpret 1,502 line-kilometres of 2D seismic data and 1670 square kilometres of 3D seismic data in the five blocks,” it said. “Interpretation of the data is envisaged to lead to an extensive exploratory drilling campaign, in quest of establishing hydrocarbon reserves.”

The total envisaged expenditure on the entire exploration campaign in the five blocks in Mahanadi Basin (Onshore) is Rs 1,248.00 crore of which Rs 220.00 crore is for seismic survey.

The blocks are spread in eleven districts of Odisha namely Puri, Khurda, Cuttack, Jagatsingpur, Kendrapara, Dhenkanal, Jajpur, Bhadrak, Baleshore, Maurbhanj and Keonjhar.

The company has been actively participating in the OALP rounds in an endeavour to intensify exploration.

Source
ET Energy World
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