Reliance finishes 2D seismic survey in Colombia

Vol 9, PW 26 (20 Apr 06) People & Policy
     

Reliance has completed the acquisition of a 2D seismic programme over the Borojo exploration block in deep waters offshore Colombia.

PETROWATCH learns that Norwegian seismic services provider InSeis completed the 8000-km 2D survey for Reliance at the end of March. InSeis began work in November and Reliance will receive data sometime at the end of this month for in-house processing and interpretation.

Reliances 2D programme at Borojo comes under a 20-month technical evaluation agreement signed with Colombian government upstream regulator ANH for this open acreage block, which ends in January 2008. By then Reliance can either sign a PSC or walk away.

Not much data is available for the Borojo block except 600-km 2D shot by the Colombian government in the 1970s. Reliance experts have seen this data and are very optimistic, we hear.

Thats why they decided to go ahead with the fresh 2D. Reliance wants to first study the block thoroughly before deciding to sign any contract.

Borojo (the name given to a rare aphrodisiac fruit found in Colombia) stretches from the shore into the offshore Pacific Basin and measures 18,000-sq km. This is a totally frontier area, we hear.

Hardly any work has been done here. It is a rank exploration area.

Water depths extend to about 2000 metres. Separately, an industry source dismisses Indian news reports that Reliance is about to join hands with state-owned Pemex of Mexico for deepwater exploration offshore that country.

Reliance signed a MoU with Pemex more than a year ago, we learn. It is a very general MoU, like so many of the MoUs being signed here and there by Indian companies.

Nothing much, it seems, has moved since the MoU was signed with Pemex. Every month Reliance holds a routine meeting where all the MoUs are reviewed to see what can be done ahead, we are told.

Nothing is happening other than that. Matters are still in a very preliminary stage in Mexico.