'Deepwater Exploration in India - Potential, Opportunities & Challenges' a reference book (2010)

June 19, 2010 - PRLog -- Oil consumption has grown from 40 million barrels of oil per day (BOPD) to 75 million BOPD over the last decade and forecasts show a demand growth of 112 million BOPD by 2020.  The growing energy demand all over the world with  no major discoveries in the onland and shallow waters  have  prompted  major  E & P companies  to venture into  exploration of Deep Water areas.

India has a vast sedimentary Basinal area of about 3.14 million Sq kms  covering onland  and offshore areas. Of this, about 1.75 million  Sq kms encompass offshore  areas  including deepwaters .

The concept and definition  of 'deepwater' has been changing quite fast during the last decade with the tech¬nology barrier being constantly overcome and the oil industry preparing to drill and explore deeper water depths.

Water depths  beyond 200 m were  earlier considered as Deep waters  primarily because this roughly corresponded to the edge of the continental shelf in most of the  offshore basins. T he geological concepts  and  advances in exploration technologies in the 1980s have brought to the fore  the potential of  basinal areas in water depths of more than  300 meters within the domain of deepwaters.

The hand-book will cover the Petroleum Geology, exploration Status and hydrocarbon potential, East Coast Basins, West Coast Basins, Andaman Basin, Seismic data API programme, Exploratory Drilling Programme, Development drilling programme, Rig deployment and future needs, Seismic data acquisition vessels and future needs, Strategies adopted, Fiscal terms and Deep water exploration Economics & Futuristic challenges.