Multi Organisation Team set up to re-assess hydrocarbon resources in India
Resources estimation exercise covering all 26 sedimentary basins to be completed within 30 months
BS B2B Bureau B2B Connect | New Delhi
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It may be recalled that during the course of implementation of pre-NELP (New Exploration Licensing Policy) and NELP rounds and other exploration and production activities, substantial geo-scientific data have been acquired and interpreted. New oil and gas fields have also been discovered by utilising improved geological understanding and new technology. With the increase in exploration spread and quantum jump in availability of geo-scientific data generated under NELP there is a need to revisit the hydrocarbon resource assessment of India.
The last such exercise was carried out in 15 sedimentary basins, approximately two decades ago and is overdue for full scale revision in view of the vast amount of data collected since then. There is also an urgent need for the fresh estimation in the remaining eleven sedimentary basins as well, for which no hydrocarbon resources have been estimated so far.
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First Published: Jan 21 2014 | 6:05 PM IST