Essar's two onland Myanmar wells

Vol 11, PW 23 (03 Apr 08) News in Brief
     

Essar Oil is unsure whether to begin drilling two wells at onshore Myanmar block L before or after this year’s monsoon, expected in early June.

“We have to lay a 5-km road to the block to transport the rig and equipment,â€‌ reports Essar. “If the rains come early the road will be washed away.

â€‌ Essar wants to mobilise one of its own rigs for this job. Under the PSC, Essar must drill one well at Block L.

At offshore Block A2, which lies adjacent to Block L, in about 50 metres water depth, Essar expects to receive the final interpretation from PGS of a 700-sq km seismic survey costing around $15m this month (April). Essar committed only 500-sq km 3D on the block but shot an additional 200-sq km.

Essar has committed to drill one well at A2 by August this year. “After the seismic interpretation comes in we’ll firm up the drilling location,â€‌ adds Essar.

“There’s plenty of time till then.â€‌ Essar is the only Indian company with operatorship of onland oil and gas blocks in Myanmar.