An Oil India Ltd.-led group has signed the production sharing contract governing the AA-ONN-2010/2 block in northeastern India’s Assam-Arakan basin.
The group will shoot 3D seismic over the entire 395 sq km block and drill two wells at an estimated cost of $2.8 million. The 3D data will be used to high-grade structural leads identified on 2D seismic. The acreage is considered oil-prone.
The basin has more than 100 discovered fields and produces an estimated 95,000 b/d of oil equivalent.
Block interests besides OIL are Oil & Natural Gas Corp. 30%, Gas Authority of India Ltd. 20%, and East West Petroleum Corp., Vancouver, BC, 10%.
Alan Petzet | Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.