India’s second-largest hydrocarbon exploration and production company Oil India Limited (OIL) has started offshore operations in Andaman shallow waters with the deployment of a multi-purpose seismic data acquisition vessel ‘SW Vespucci’.
The vessel has been deployed for the acquisition of 2D seismic data in blocks OSHP-2018/1 and AN-OSHP-2018/2 that the company had bagged during the third Open Acreage Licensing Policy (OALP) Bid round.
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OIL noted that it is resuming exploration efforts in Andaman offshore after a long time.
OIL chairman and managing director Sushil Chandra Mishra said: “The company has drawn up plans to intensify its exploration efforts in the country and increase exploration capital expenditure in the coming years.”
The data acquisition in Mahanadi on-land blocks in the Indian state of Odisha would commence shortly and the exploration drilling campaign in its OALP blocks would is expected to commence during 2021-22, Sushil added.
Oil India has been awarded 21 blocks spread over Assam and Assam-Arakan basin, Rajasthan, Mahanadi Onland, Andaman as well as Kerala-Konkan Offshore basins.
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By GlobalDataThe company is expecting two more blocks under OALP V bid round in the state of Assam, which would take the acreage position of OIL in the northeast to more than 20,000km².
In July, an explosion at an Oil India’s well at the Baghjan oil field in the Indian state of Assam injured three foreign experts.
