Oil India planning 2D tender for Gabon

Vol 10, PW 15 (16 Nov 06) News in Brief

Oil India is set to float a tender for 2D seismic acquisition at its onshore exploration block in Gabon.

We are preparing the tender document and will float the tender soon, says a source. We have to follow certain procedures, so I cant give a definite time when the tender will be floated.

Oil India wants to shoot 700-km seismic at its 3761-sq km Shakthi block where it has a one well exploration commitment in the work programme. PETROWATCH learns that in September the Gabon equivalent of Indias DGH approved an extension of the exploration period at Shakthi to 22nd November 2009.

Operator Oil India (45%) farmed-in to the Shakthi block in April this year heading a consortium of Indian Oil (45%) and Marvis Pte of Singapore (10%). Marvis is mainly a commodities company into the cotton business, we hear.

They also deal in wood but are diversifying into E&P. Last month, partners met in Delhi to discuss the future work programme at the block.

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