BP prepares for KG seismic tender
BP has begun planning ahead at its first oil exploration block in India: KG-DWN-2005/2, for which it will sign a PSC next week on (Monday) December 22.
PETROWATCH learns BP is planning to issue a 2D and 3D seismic tender in the second half of next year for work on the 1949-sq km block, where it is operator (30%) with Reliance (70%). BP reckons it will be easy to secure a seismic vessel.
“The seismic market is â€کsoft’ at the moment,†says BP. “Lots of seismic boats are looking for work.
†BP hopes to begin the survey in early 2010, “depending on boat availability.†In its five-year Phase-I work programme BP has only a seismic commitment, but no well commitment.
“Only if BP decides to enter Phase-II (three years) does it have a one-well commitment,†we hear. BP and Reliance have different perceptions about the block, which lies 100-km north of D6 and the MA oilfield.
“Some think it could be a deeper MA â€کplay’,†we hear. “Others think it could be another D6.
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