Gazprom signed a contract to drill a third exploration well in the Bay of Bengal
JSC Gazprom Zarubezhneftegaz and design office operator OAO Gazprom in India was signed in Singapore on a contract to drill a third exploration well in Block 26 in the Bay of Bengal with the Japanese drilling company Japan Drilling Co. Ltd.
to conduct exploration work on the licensed area semi-submersible drilling rig (SSFDR) Hakuryu-5 is built exploratory well NEC-W-1 to a depth of 3200 meters, the report said Gazprom Zarubezhneftegaz.
Mobilization SSFDR begin on1000January 29, but the beginning of drilling is planned for early March. It is planned to test the eight sites. The duration of drilling, in view of the test wells, is expected to be 5 months.
In the light of past experience, the contract with Japan Drilling has been prepared and signed with the assistance of experts of the British law firm Herbert Smith, noted in the announcement of the company.
Production Sharing Agreement between the Government of India, OAO Gazprom and the Gas Office in India for contract area of Block NEC-OSN-97 /1 (unit number 26) was signed on October 3, 2000.
Agreement entered into force on 14 November 2000 from the date of issuance of licenses for work on the block number 26. Agreement provides for a 3-phase exploration within 7 years and the subsequent development and development of open fields for 20 years.
Office PSA through steering committee, which includes two representatives from the Government of India and one representative from the contracting parties.
operator of the project by Gazprom appointed JSC "Gazprom Zarubezhneftegaz, whose interests in India is a project office of OAO Gazprom.
To date, under Phase I and II completed marine seismic work 2D, their processing and interpretation in the amount of 2068 line km. Based on interpretation of available data and conducted seismic facies zonation, built geological and geophysical model, identified areas of seismic 3D.
Implemented seismic work 3D/2D (530 kv.km/40 linear km), which resulted in estimated oil and gas potential previously selected objects, as well as the nature of oil and gas reservoirs.
drill two exploration wells GG-1 (depth 2445 m) and NEC-FA-5 (depth 4338 m).
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