Lemme take a shot based on what ever little I know.
Originally posted by funkyappu
2. I suppose that those oil-fields held by Selan were earlier owned by ONGC. Why were these transferred to Selan, if the fields were ripe?
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It's ONGC after all.....a highly inefficient monopoly...thanks to NELP we still have a chance of saving some precious foreign exchange.....Turns out...they've been using extremely outdated technology for a long time.....though they seem to be more active now a days
This story is the same a the CWG saga..except that these companies produce so much cash no one questions them.....
Originally posted by funkyappu
4. Are there limits on the number of oil-fields to be dug in a particular oil-field?
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Not aware of any restriction in one's allocated acreage though i'll be surprised if various permissions are not required first.
Originally posted by funkyappu
5. How much time does the drilling of an oil-field takes place, post these 3D seismic studies?
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A lot depends upon the area......enviromental concerns etc could also crop up...typically some more drilling happens on the ground to confirm the studies before actually production quality drilling can beging...atleast that is what i think i figured out from various annual reports
Some experts do pitch in more with these queries.
Edited by subu76 - 25/Sep/2010 at 2:30am
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