Stay Connected

Development plan for offshore India block NEC-25 goes to review

Offshore staff

CALGARY, Canada – Niko Resources Ltd. (TSX:NKO) has submitted to the government of India its field development plan for offshore block NEC-25.

While awaiting response, an independent reservoir engineering firm is doing a reserves and economic evaluation of the block.

The block covers almost 3.6 million acres (1.45 million sq km) including a deltaic channel complex in the Bengal basin.

Reliance Industries Ltd. (OTN:RLNIY) is operator with 90% working interest. Niko holds the remaining 10%.


Related Articles

CEPSA agrees to Coastal Energy takeover

Nov 19, 2013

Spanish oil company CEPSA has agreed to acquire Coastal Energy via a share purchase.

Statoil fined for North Sea waste mix-up

Nov 19, 2013

Statoil has been handed a NOK-10 million ($1.64-million) fine for an incident on the Oseberg C platform in May 2011.

Trending News

BG, Ophir discover more deepwater gas offshore Tanzania

Oct 2, 2014

The block 4 partners offshore Tanzania have scored two more deepwater gas discoveries.

IOG, Ping assess North Sea asset acquisition prospects

Oct 2, 2014

Independent Oil and Gas has signed a memorandum of understanding (MOU) with Ping Petroleum (Bermuda) to jointly evaluate and bid for producing assets on the UK continental shelf.

Fugro to monitor Schiehallion BOP, riser motions

Oct 2, 2014

BP Exploration Operating Co. has contracted Fugro to support drilling activities for the Quad 204 redevelopment of the Schiehallion field west of Shetland.

CNR contracts Subsea 7 for Baobab installations offshore Côte d’Ivoire

Oct 2, 2014

CNR International has awarded Subsea 7 a contract for the Baobab Phase III field development offshore Côte d’Ivoire.

BG re-engages Plexus for North Sea well services

Oct 2, 2014

BG Group has contracted Plexus Holdings to supply surface wellhead and mudline equipment services for an exploration well in the UK North Sea.

Digital Magazine
Look Inside
Current Issue

Oil & Gas Jobs

View more Job Listings >>