Eni loses interest in Deen Dayal block

Vol 11, PW 8 (23 Aug 07) News in Brief

Eni appears to have lost interest in GSPC’s discovery block KG-OSN-2001/3, home to the Deen Dayal gasfield.

By early August, eight companies were â€کpre-qualified’ by GSPC’s consultant UBS Securities for up to 30% stake in the block: BP, BG, Total, ExxonMobil, Chevron, Repsol, Husky Energy and Statoil. But not Eni, which was among four companies shortlisted last year before GSPC decided to start afresh.

BP, British Gas and Chevron were the other three. Contacted by PETROWATCH, GSPC confirms: “Eni is not there now but there are five more companies.

â€‌ GSPC says its dataroom will remain open till the end of September and that it welcomes companies that have not yet come forward. “We are interested purely in technology,â€‌ adds GSPC, “not in finance.

â€‌ A surprise absentee is Petrobras with its experience of high pressure, high temperature wells similar to those at KG-OSN-2001/3. GSPC says it will continue to upload data to the dataroom from wells being drilled and tested.