Total makes presentation to GSPC for KG block

Vol 9, PW 12 (22 Sep 05) News in Brief

Total is the latest in a line of companies to fix an appointment with GSPC to show off its prowess in the development of high pressure, high temperature gasfields.

Totals presentation in Gandhinagar is scheduled for 29th September. On 13th September, ExxonMobil made a similar presentation to GSPC and before that, British Gas and Anadarko also made presentations last month.

BP is next in line, but hasnt been given a firm date. GSPC is preparing a strategy paper with recommendations on a proposed farm-out of its gas discovery at KG-OSN-2001/3.

No firm timetable for the farm-out has been fixed and when it happens it will most likely be through a transparent tender procedure, with the best offer accepted. State authorities have asked GSPC to prepare the strategy paper, which should be ready within eight weeks.

GSPC wants to establish firm reserves estimates from its discovery before talking to any future potential partner.