Watch out for new seismic policy

Vol 17, PW 6 (17 Oct 13) News in Brief
     

India’s long-awaited multi-client seismic data acquisition policy could be unveiled by the end of this month (October).

The policy, which would make seismic data more accessible to explorers before they bid for blocks, is seen as a way to boost stalling exploration. DGH officials sent emails and made late evening telephone calls on October 8 to seismic service providers, asking them for industry data and to meet DGH director general RN Choubey the following morning to discuss policy details.

A national policy framework to allow systematic surveying across the whole country has been on the cards for a while and firms have provided similar information twice over the past year. “Oil secretary (Vivek Rae) has given the DGH a deadline to prepare the policy by October 30,” says a source close to the DGH.

“Choubey also wants to clear this (seismic policy) before he moves out.”