GSPC wants development plan ready by November

Vol 9, PW 11 (08 Sep 05) Exploration & Production

Gujarat Petroleum wants a development plan for its KG gas discovery ready by early November this year.

PETROWATCH learns GSPC has retained Wood Group of Aberdeen in Scotland to carry out a Concept Optimisation Study for the development of the Deen Dayal field at KG-OSN-2001/3, so named by Chief Minister Narendra Modi when he announced a 20-tcf discovery at the field. A source tells us the Wood Group has been asked to submit several options such as development with and without a platform.

There are several other parameters in the brief, we are told. GSPC already has a Worley report on the basic engineering of the platform.

GSPC plans to use the concept from the Wood Group report and use Worley to provide engineering back-up as the development plan is executed. Wood Group and Worley are the main consultants for GSPCs development project at KG-OSN-2001/3.

Engineers India is also used on a need basis. GSPC is desperate to have a development plan in place to meet the Gujarat governments target of landing first gas by end 2007.

Several domestic and global oil firms have approached GSPC with unsolicited expressions of interest to help it develop the KG block. All these companies are asking for time to make a presentation outlining their respective strengths.

British Gas and Anadarko made presentations to GSPC on 25th and 26th August. ExxonMobil, Total, BP and Petrobras are still in the queue.

A source tells us GSPC has not yet decided if it needs a partner. They are anyway going ahead with their development plan, we hear.

Any decision on a technology partner will be taken by the (Gujarat) government.