Sun prepares for Modhera and Baola workover

Vol 19, PW 19 (02 Jun 16) Exploration & Production
     

All regulatory hurdles have been cleared and billionaire Dilip Shanghvi's Sun Oil and Natural Gas wants to begin work in the next two months at BSE-listed Interlink Petroleum's two Cambay basin fields.

PETROWATCH learns the DGH signed off on Sun's acquisition of the 4-sq km Baola and 12.7-sq km Modhera fields on May 25 after the oil ministry cleared the proposal on March 18, 2016. "Work at both fields is expected to begin by early August," confirms a senior Sun source.

Well log and geological studies are underway at the fields where Sun plans to pump in a modest $1.2m to kickstart production. "The data we generate from the studies will help us figure out the best candidate (well) to begin with," adds our company source.

Under review are plans to workover a single well [Modhera#1] at the Modhera field and three wells at Baola: Baola#1, Baola#5 and Baola#8. Sun invited EoIs for services needed for an estimated $1m workover job on March 26.

Expect Sun to award contracts by mid-July for a workover rig on a call out basis or when needed and integrated services like civil, mechanical, electrical, instrumentation, operation and maintenance and logging for three years. "We were just waiting for the final clearance from the DGH," adds our source.

"From our side everything was ready."

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