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This is the fourth block that Hardy holds in partnership with
Reliance and the Company’s first onshore asset in India. The
block provides further long-term potential to create significant
shareholder value.
The
AS-ONN-2000/1 exploration licence is located in the north
eastern state of Assam, India, and north of Brahmaputra River.
The exploration licence covers an area of 5,754 km2 and falls
within the districts of Darrang and Sonitpur. The block is in
phase I of the three-phase exploration licence. Phase I will
expire in January 2011.
The topography of the area is primarily a plain of low relief
and there is a reasonably established road network across the
block. A national highway runs parallel to the Brahmaputra River
and passes through the block. Different play types expected are
anticlinal structures within Paleocene – Eocene and Gondwana,
Fault closures, Pinchout/wedgeout, Fractured/weathered basement.
Assam foreland constitute the shelf part of Assam – Arakan intermontane
basin . It forms a northeast – southwest trending, largely alluvium
covered – narrow, linear tract encompassing an area of 40,000
sq. km. It is bounded in the north by river Brahmaputra, in
the southeast by the tertiary accretionary prism – Naga Schuppen
belt, in the west by Mikir Shillong Massif and in the South
by Dauk fault. The exploration block lies in the northern part
of Brahmaputra River while in the southern part of Brahmaputra
River most of the oilfields of ONGC are situated over a prospective
area of 4,000 km2.
Exploration activities since 1956 have resulted in establishing
seven major fields. Most of these fields have reached mature
stage of exploration for Mio-Pliocene reservoirs and are in
the advanced phase of delineation and development.
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Participating Interests
(%) |
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AREA |
HEPI |
RELIANCE |
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AS-ONN-200/1 |
10 |
90 |
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