HOEC and BPRL to shoot Rajasthan seismic

Vol 14, PW 13 (16 Dec 10) Exploration & Production
     

Fierce ‘Rajput’ warriors historically defended Rajasthan to the death against Mughal and British invaders.

Almost as fierce as these ancient battles will be the fight to win a $12m contract to shoot 1424-sq km 3D and 110-lkm of 2D at onland Rajasthan block RJ-ONN-2005/1, jointly-operated by Hindustan Oil Exploration Company (HOEC) and Bharat Petro Resources (BPRL). This 1424-sq km block sits near India’s border with Pakistan and is adjacent to RJ-ONN-2005/2, also operated by HOEC.

On December 3, HOEC and BPRL sent tender documents to 22 seismic contractors, including Indian companies Shiv Vani, Alpha Geo, Asian Oilfield Services, and foreign companies like Poland’s Geofyzika Torun and Russia’s MAGE with a December 20 deadline to submit technical and price bids, likely to be extended. HOEC and BPRL can expect up to 11 ‘serious bids,’ we hear, with price quotations of up to $40,000/sq km for 3D and around $15,000/lkm for 2D.

They hope to award a contract by next March (2011). “Crew and equipment can then be mobilised in one month,” says an industry source.

“But this job will certainly spill over into the next season as the monsoon rains will hit Rajasthan by June. Still, I’m glad they have finally invited bids as this tender was originally to be issued by August last year (2009).

” Expressions of Interest for the seismic job, he adds, were first invited in February 2009 and the consortium shortlisted 22 of 42 companies that showed interest. But the tender was delayed because consortium partner Jindal Petroleum decided to exit the block with doubts over ‘prospectivity’.

Jindal finally went through with its plans in October this year offloading 25% to HPCL. “HOEC, BPRL and the block’s Operational Committee approved HPCL’s ‘farm-in’ in October,” we hear.

“DGH and oil ministry approval is still awaited.”