Petroleum Minister Inaugurates OIL’s Seismic Survey Campaign in Mahanadi Basin

OIL plans to acquire, process and interpret 1502 LKM of 2D seismic data and 1670 SqKm of 3D seismic data in 5 blocks. Interpretation of data is envisaged to lead to an extensive exploratory drilling campaign, in quest of establishing hydrocarbon reserves in line with the Prime Minister’s vision of Atmanirbhar Bharat.

November 21, 2020. By Manu Tayal

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Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel, inaugurated the seismic survey campaign of Oil India Ltd (OIL), India’s second largest national exploration & production company, at Kakatpur in Puri District of Odisha in the Mahanadi Basin (Onland).

Since 2014, government has launched a number of policy reforms in hydrocarbon E&P sector, chief among them being Open Acreage Licensing Policy (OALP).

Further, the government is also implementing the National Seismic Programme (NSP) for appraising unappraised areas of Indian sedimentary basins.

Seismic data acquired under NSP in Odisha led to offer 5 blocks by DGH and OIL won all the 5 blocks for hydrocarbon exploration under OALP-II and III rounds.

OIL plans to acquire, process and interpret 1502 LKM of 2D seismic data and 1670 SqKm of 3D seismic data in 5 blocks. Interpretation of data is envisaged to lead to an extensive exploratory drilling campaign, in quest of establishing hydrocarbon reserves in line with the Prime Minister’s vision of Atmanirbhar Bharat.

The total envisaged expenditure on the entire exploration campaign in 5 blocks in Mahanadi Basin (Onshore) is Rs 1,248 crore of which Rs 220 crore is for Seismic survey. The blocks are spread in 11 districts of Odisha namely Puri, Khurda, Cuttack, Jagatsingpur, Kendrapara, Dhenkanal, Jajpur, Bhadrak, Baleshore, Maurbhanj and Keonjhar.  

The company said that it has been actively participating in the OALP rounds in an endeavor to intensify exploration. It has been awarded a total of 25 blocks making OIL the second largest winner of exploration blocks under OALP.

Also, an aggregate of 8215 LKM 2D & 5884 Sq. Km. 3D seismic survey and 73 exploratory wells are planned in these 25 blocks. The envisaged investment is to the tune of Rs 5,400 crore over the next 3 to 4 years. Apart from consolidating its position in northeast and Rajasthan, the company said that it has made conscious efforts to carry out exploration in Category II & III sedimentary basins in line with government’s thrust for exploration.

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