Going Offshore

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Thursday , April 17, 2008 at 1943 hrs this year following the response it claims to have got from road shows undertaken by it to promote NELP-VII. “The response has been good,” says Sibal of DGH. “The number of delegates attending has doubled. This makes us believe that the interest in the current round of NELP is definitely there.” SN Thakur, head of NELP at DGH, says, “At least three companies have purchased the data per block, which is a good sign.” Companies keen on participating in NELP have to first purchase the seismic data released by DGH pertaining to the blocks. After studying the data and deciding on which blocks they want to go for, bids are eventually submitted by companies.

Experts opine that with the creation of a new category ‘S’ this year, where no prior experience in exploration and production is required, bids from new companies for the nine onshore blocks may come in substantially, taking the overall tally of bids in the current round to a respectable number. DGH, of course, is not saying anything about the bids submitted so far. It does indicate though that as more data on the potential of the offshore deep waters on the west coast of the country becomes available to it, it will offer them in forthcoming rounds of NELP.