Future Plans
Infill Well Drilling
Detailed interpretation of the OBC 3D seismic data
and input of actual production and pressure data
into reservoir simulation, led to selection of optimal
locations for infill wells. These are likely to
be taken up for drilling in the next few months.
Drilling of these additional wells is expected to
improve the recoverable oil reserves to about 256
mmbbls.
Leads
And Prospects
- 1. Refined structural mapping and avo and
attribute studies on the latest 3d data, has
led to mapping of several exploratory prospects
in the contract area. Among these, twelve prospects
are prioritized based on confidence in mapping
and anticipated reserves. Some prospects have
deep-seated objects at around 4000 - 4500 metres.
- 2. JV plans to undertake exploratory drilling
on these new prospects soon. 4D Seismic Surveys:
In order to monitor the water front movement
in the reservoir, consequent to sustained oil
production, the JV is undertaking feasibility
studies for acquiring time-lapsed (4d) seismic
surveys in Ravva prospect area, in the near
future.
Gas DistributionProposed
area of operations:
- 1. Phase I Andhra Pradesh
- 2. Phase II Gujarat, Tamil Nadu
Videocon has entered into an MOU with an exploration
company Oilex NL of Australia, by which Videocon
and Oilex plan to explore opportunities for cooperation
in the acquisition of oil blocks in Australia, India
and other countries as may be mutually agreed.
Block 103, Joint Petroleum Development Area, Timor Leste & Australia
The consortium comprising Videocon Industries (25%) & GSPC (25%), BPCL (25%) and Oilex (25%) as the Operator has been awarded the Block 103 by the Timor Sea Designated Authority, located in the northern part of the Joint Petroleum Development Area subject to signing a Production Sharing Contract.
Block 103 was rated by the group to be the most prospective of the blocks on offer. It is located immediately to the east of Laminaria, Corallina, Kakatua, Kuda Tasi and Elang discoveries/oil & gas fields and to the north of Bayu-Undan condensate field.
The Timor Sea Designated Authority was created on 2nd April 2003 pursuant to the Timor Sea Treaty between Governments of Timor-Leste and Australia.
Block EPP-27, South Otway Basin, Australia
Videocon Industries has taken a farm-in interest
in Block EPP-27 in the South Otway Basin along
with Oilex and GSPCL of 20% each with balance
40% being retained by the original license holder
Great Artesian Oil & Gas Ltd. The operator
Oilex NL has informed that it has completed acquisition
of a marine seismic survey totaling 1325 km of
2D seismic data within the permit. The survey
has provided an extension of the existing seismic
grid covering some eight potential leads in to
the central & eastern portions of the permit.
These parts of the permit are believed to have
greater oil potential.
Block 56, South Oman Salt Basin, Oman
A consortium comprising Videocon Industries.
Oilex, GAIL, HPCL and BPCL with Oilex as the operator
have been awarded Block 56. This block is located
onshore adjacent to the producing fields operated
by PDO, the Oman national oil company, in the
South Oman Salt Basin, which is one of the main
producing basin in Oman.
The Exploration Production Sharing Agreement
and Joint Operating Agreement was signed on June
28, 2006. A programme of drilling 11 exploratory
wells in the first phase of three years has been
proposed.
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