Fugro preparing Farsi block geological model for OVL

Vol 11, PW 11 (04 Oct 07) Exploration & Production

This month (October) Fugro Robertson should complete the first part of a geological and geophysical model of the Farsi block offshore Iran where ONGC Videsh leads an Indian consortium that has reported significant discoveries.

Contacted by PETROWATCH, Fugro Robertson in the UK confirms the mandate but declines to give further details, citing confidentiality. OVL appointed Fugro in May this year to analyse drilling results from two of four wells at Farsi.

An OVL source tells us Fugro will submit its report in two parts: Part-I, expected later this month, will be an analysis of the results of the fourth well FB-2, spud on October 28 last year and where OVL reported significant gas flows. Part-II will analyse the results of the third well drilled at Farsi, spud on August 27 last year, and where OVL recorded flows of 1900 b/d â€کheavy’ oil of 11-degree API.

Part-II will most likely be ready in six months by March next year. Fugro has not been asked to analyse drilling results of the first two Farsi wells: the first was dry; the second flowed between 80 and 117 b/d, but OVL did not test it because it could not secure critical equipment in time, such as pressure pumps.

When Fugro submits its final G&G model of Farsi in March next year, OVL can begin preparing a development plan for state-owned National Iranian Oil Corporation (NIOC), which has placed no deadline on the start of development work. During the last Farsi Operating Committee meeting in Delhi on August 29, partners OVL (40%), Indian Oil (40%) and Oil India (20%) decided to wait for Fugro’s G&G model before submitting a development plan.

Fugro has been working alongside OVL at Farsi since the block was awarded in December 2002. When the fourth well was tested it was reported the field could hold up to 10-tcf.

“We did not issue any press release about the quantum of reserves,â€‌ says OVL. “But it was a substantial find.