OIL INDIA PLANS SEISMIC SURVEY ON NORTH BANK
Oil India (OIL) plans to start a river-bed seismic survey of the Brahmaputra River in Assam by October 2000.
Chairman BB Sharma said in Guwahati on Saturday (14th August) that an OIL team has already completed a 34-km regional seismic line across the Brahmaputra between two well locations at Simen Chapori in the North Bank and Khagorijan Well in the South Bank. The river-bed width of the line is 20 km.
On NELP, Sharma said OIL will file bids alone, and in alliance with foreign companies. He adds OIL "would like to participate" or "be associated" with deepwater drilling.
Sharma said OIL is seeking foreign help to commercialise the companys heavy oil discovery in Rajasthan. Finally, Sharma said OIL is sitting on 790m tonnes of oil reserves of which 307m tonnes are recoverable.