Vedanta Oil and Gas Ltd on Tuesday said it has joined hands with Beicip-Franlab India Pvt Ltd to accelerate exploration, resource maturation and production growth in the Northeast.
Beicip-Franlab will undertake seismic interpretation, geological and reservoir studies, resource assessment and field development planning across priority assets, including new and existing fields like Hazarigaon and Rudra in the Northeast.
A press statement issued by the company said the integrated seismic and subsurface programme will cover nine Open Acreage Licensing Programme (OALP) blocks and one Discovered Small Field (DSF) block, bringing exploration, resource evaluation and development planning under a single technical framework.
The partnership potentially unlocks up to 300 million barrels of oil equivalent in additional resources and reserves, it said.
“This collaboration aims at identifying and further developing new drilling opportunities while unlocking additional value from existing discoveries and producing assets,” the Vedanta Group firm said in the statement.
Vedanta Oil & Gas partners Beicip-Franlab to accelerate Northeast exploration, target 300 million boe resources
