Le 30 octobre 2014, 07:54 dans Humeurs • 0
Shaker screen – Global miner BHP Billiton said on Monday it has given up nine oil and gas exploration blocks in India due to its inability to carry out exploration operations there.
The company is withdrawing from those blocks because of delays in clearances, according to local media, but BHP would not confirm the reason for its decision to relinquish its interest.
“The decision to relinquish these blocks is the result of an exploration portfolio review … there have been regular discussions and communications over the last 12 months with the Ministry of Petroleum and Natural Gas,” BHP said in a statement.
BHP gave up its interest in six blocks awarded in India’s solid control equipment bid round, in which it held 26 percent interest and GVK held 74 percent interest as well as three blocks awarded in the NELP VIII bid round in which it held 100 percent interest.
BHP Billiton will keep its 50 percent interest in its NELP IX block, operated by BG Group.
“What’s changed, over the past four or five years, is the application of 3D seismic,” Bill Sydow, director of the Nebraska Oil and Gas Conservation Commission in Sidney, said. Jim Gohl of Culbertson, a commissioner for NOGCC, said that 3D seismic is “a great tool” to help locate favorable shale shaker locations.
Gohl could name six companies that are drilling holes in the two counties in Nebraska, and on locations directly across the state line south in Kansas. Some of the resulting wells have been “very lucrative,” he said, although he couldn’t confirm rumors of individual wells pumping 700 to 800 barrels a day.
Sydow gets excited about the capabilities of and enhancements in seismic testing. He said that when seismic started, one dynamite charge (buried beneath the surface of the ground) sent vibrations down, they bounced off subsurface formations of rocks and up again, and a sensor called a ‘drilling equipment’ made a single trace.