The initial phase will see the company drill 10 wells across four hydrocarbon blocks, located along the Assam-Arunachal and Assam-Nagaland borders, Stephen Moore, deputy chief executive officer (CEO), said in an interview with Business Standard, on the sidelines of the 2024 India Energy Week.
With an average expected success rate of 40 percent , the company plans to have two rigs in operation in Assam, for drilling and appraisal, Moore said.
Moore explained the company's strategy in case of a discovery.
"When there's no uncertainty, you can develop it. But then you need development rigs. We're going to drill 20 wells in that field. If there's uncertainty, we're going to dig 2-3 appraisal wells. As we go through this rig sequence, we will mobilise a second rig," he said. This approach, he added, would expedite the project's financial realisation.
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