BPRL hikes E&P budget by 10% for 9 India blocks

Vol 23, PW 22 (10 Sep 20) Exploration & Production

BPCL upstream arm Bharat PetroResources (BPRL) is planning to spend Rs44.50cr ($6m) this fiscal (2020-21) at six blocks in India where it is the sole operator and three it operates jointly.

By comparison, BPRL spent an estimated Rs40.44cr ($5.5m) on E&P at these nine blocks last fiscal (2019-20). "This spending plan is provisional," adds a company source.

"Actual procurement will be based on work during the year and final Board approval." BPRL's single highest item of expenditure at Rs10.29cr ($1.4m) is for drilling rig services.

"This is higher than the Rs8cr ($1.1m) spent last year for drilling rig services," we hear. BPRL also plans to spend Rs1.93cr ($263,000) for directional drilling services.

Other budgeted expenditure includes Rs3.36cr ($459,000) for cementing; Rs2.82cr ($385,000) for drilling fluid services; Rs4cr ($546,000) for casing and tubing; Rs3.63cr ($495,000) for wireline services; Rs1.32cr ($180,000) for drilling and fishing tools; Rs79 lakhs ($107,829) for wellhead and Christmas trees; Rs34 lakhs ($46,407) for mud logging services and Rs21 lakhs ($28,663) for casing accessories. BPRL will also spend Rs8.7cr ($1.2m) to hire a civil contractor to undertake civil works at drilling locations, and it has earmarked Rs50 lakhs ($68,000) to hire workers for the operation and maintenance of production facilities.

In India, the six blocks where BPRL is sole operator are DSF-1 blocks CY/ONDSF/KARAIKAL/2016 in the Cauvery basin; RJ/ONDSF/BAKHRI TIBBA/2016 and RJ/ONDSF/SADEWALA/2016 in Rajasthan; MB/OSDSF/B15/2016 and MB/OSDSF/B127E/2016 off Mumbai and OALP-1 block CB-ONHP-2017/9.