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Our Bureau

Kolkata , Dec. 15

Niko Resources expects to commence drilling programme in Cauvery block in the South in July 2007.

According to a recent company communiqué, Niko is currently conducting 3D seismic data acquisition programme in the block. The acquisition is slated to be complete in April or May 2007.

Niko holds 100 per cent interest in the block awarded in NELP-V.

In MN-DWN- 2003/1 deepwater block - also awarded in NELP-V - in the Mahanadi basin, a 1,800-square-kilometre 3D seismic programme is expected to start in calendar 2007, followed by exploratory drilling in late 2007 or early 2008.

Reliance holds 85 per cent operating interest in the block. Niko holds the residual 15 per cent stake.

Meanwhile, the RIL-Niko combine is planning to approach the Directorate-General of Hydrocarbons (DGH) in next few months with a development plan for NEC-OSN-97/2 in Mahanadi basin. RIL holds 90 per cent operating interest in the deepwater block and has reportedly made six oil and gas discoveries here since 2004. Niko holds 10 per cent stake in the block.

"We are planning to submit the development plan to the DGH in the next few months," an RIL official told Business Line. Reliance has already commenced an eight-well drilling programme in the block. According to Niko, some of the eight drilling locations are in the original 3D seismic area, where all of the discoveries have been made to date.

The remainder of the wells will be drilled within the 1,700-square-kilometre 3D seismic area acquired later. "The prospect of this block continues to be very attractive and the company looks forward to additional discoveries," Niko release said.

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