India OKs Rocksource as licensee

India’s Ministry for Oil and Natural Gas has approved Rocksource ASA as licensee for Cauvery basin block CY DWN 2001-01.

Offshore staff

OSLO, Norway – India’s Ministry for Oil and Natural Gas has approved Rocksource ASA as licensee for Cauvery basin block CY DWN 2001-01.

Rocksource says it intends to sign the PSC once the government grants the Rig Moratorium and once other commercial conditions are agreed to with block operator ONGC.

Rocksource says understanding the controlled-source electromagnetic data is a key aspect to unlocking further prospectivity on the block

02/17/2010

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