Schlumberger wins Oil India DSF-2 block mandate

Vol 23, PW 2 (14 Nov 19) Exploration & Production

Oil India is gearing up to begin development drilling at its DSF-2 shallow water block KG/OSDSF/GSKW/2018 in the KG basin with plans to drill up to six wells.

This report learns Oil India signed a Rs1.68cr ($235,000) engineering consultancy contract with Schlumberger on October 3 to complete a technical analysis of the block - located in water depths of five to 15 metres - within 60 days. Schlumberger beat RPS Energy Canada and (Aberdeen-based) Xodus Group to clinch the tender floated on May 15 (2019) by Oil India's project office in Kakinada with a July 19 (2019) bid deadline and which will be fed into a Field Development Plan (FDP) for submission to the DGH.

 "Our FDP must be submitted to the DGH within six months of the PML for the block which we received in August," reports an Oil India source. "Once that's done we have to start production within three years."

He adds Schlumberger's analysis will build on a sub-surface report prepared by Gurgaon-based Oges Solutions, which on August 14 signed a Rs56 lakhs contract with Oil India beating French company Beicip-Franlab, Belorusneft, Vadodara-based Bharti Exploration, Dallas-based Degolyer and MacNaughton, UK-based Gaffney, Cline & Associates, Gurgaon-based Samit Spectrum, RPS Energy Canada and Xodus. "Oges Solutions will carry out the initial sub-surface study to decide on the number of wells to be be drilled and the economics."