What are the company's plans regarding growth in its exploration & production of oil and gas?
After a slowdown during Covid, we have started refocusing on acreage acquisition as well as trying to increase exploratory drilling and data acquisition. Just last year, we acquired over 32,000 SKM new acreages, taking the total to around 180,000 SKM.
In terms of data acquisition, we are conducting non-seismic as well as seismic surveys. Coming offshore, we have both shallow water as well as deepwater and ultra-deepwater blocks coming up. In the last two years, we had several workshops, joint technical studies on potential exploration areas with firms such as Exxonmobil, Chevron, TotalEnergies, etc. Coming to the drilling aspect, we have 113 of our own rigs and last year we did over 100 wells in exploration. For this fiscal, we are targeting to reverse the production drop and achieve over 40 mmtoe of indigenous production and drilling around 550 wells.
How do you plan to reverse the output decline from mature fields?
هذه القصة مأخوذة من طبعة December 13, 2024 من Financial Express Kolkata.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 13, 2024 من Financial Express Kolkata.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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