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Cairn India and its joint venture partners are all set to undertake a $44-million drilling campaign in the eastern offshore Ravva field off the Krishna-Godavari Basin from April 1 this year, sources close to the development said.
“Cairn, which is the operator of the Ravva field, held a series of meetings last month with partners ONGC, Videocon and the Marubeni-controlled Ravva Oil, to discuss the work programme and budget for the 2011-12 fiscal,” sources told PTI.
The meeting, attended by officials of the upstream regulator, the Directorate General of Hydrocarbons, outlined plans to drill two new ‘infill' wells and ‘workover' two old Ravva wells by March 2012.
Cairn India and its joint venture partners have completed a 4D seismic campaign in the acreage and data interpretation is underway to identify bypassed oil zones.
However, sources said they could not estimate the quantum of oil or gas that can be further recovered from the wells at this stage.
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