Investor Presentaiton
Domestic Seismic Survey Market Growth Drivers (1/2)
Asian
Dilfield Services
An Oilmax Company
Open Acreage Licensing Policy (OALP):
Open Acreage Licensing Policy is one of the key features of
Hydrocarbon Exploration and Licensing Policy (HELP)
Under OALP, a bidder intending to explore hydrocarbons may
apply to the Government seeking exploration of any new block
(not already covered by exploration), without waiting for the
formal bid round
Government will then examine the Expression of Interest and
take further action
Acreage to be offered under various rounds of bidding under
OALP:
1st: 60,000 sq. km; 2nd : 30,000 sq. km; 3rd : 30,000 sq. km;
4th: 50,000 sq. km; 5th: 40,000 sq. km
Government expects the area under hydrocarbon
exploration in the country to double to 300,000 sq km by
March 2020 as availability of new seismic data is likely to draw
more investors
National Seismic Programme (NSP) of Unapprised Areas:
This Programme was launched on 12th October, 2016
To undertake 2D seismic survey of entire unapprised areas
The Government has approved to conduct studies of 48,243
Line Kilometres (LKM)
OIL has been assigned to carry out 2D seismic API of 7,408
LKM falling in North East India
ONGC has been assigned to carry out 2D seismic API of
~40,835 LKM seismic data in inland part of 22 sedimentary
basins of India
The Cabinet Committee on Economic Affairs has approved Rs
3,000 crore project, in respect of the appraisal of 48,243 per
line km (LKM) of 2D seismic data
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