India: Four companies get Assam-Arakan block
By OGJ editors
HOUSTON, Apr. 5 -- India’s DGH has awarded the AA-ONN-2010/2 exploration block in the Assam-Arakan basin to a combine of Oil India Ltd., operator with 40% interest, Oil & Natural Gas Corp. 30%, Gas Authority of India Ltd. 20%, and East West Petroleum Corp., Vancouver, BC, 10%.
The 400 sq km block in the Karbi Anglong District has a primary term of 5 years. East West cited its management’s expertise in unconventional plays such as shale resource plays.
East West Petroleum said the Assam-Arakan basin produces 95,000 b/d of oil equivalent. The basin has 118 oil and gas fields with an estimated 36 billion bbl of original oil in place.