Videocon Unit Inks Deal for Timor Sea PSA

Videocon Industries Ltd has entered into a Production Sharing Contract with Timor Sea Designated Authority for JPDA Block # 06-103 within the Bonaparte Basin, along with its equal JV Partners Oilex of Australia (Operator), Gujarat State Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd. The Consortium has agreed to complete a guaranteed Work Program of acquiring 1006 line Kms of 2D Seismic and 1020 Sq. Kms of 3D Seismic and drill 4 Wells in the First Phase of three years.

The risked reserves in the Block are estimated at 47 million barrels of Oil/Oil Equivalent.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Automation Systems Analyst II
Expertise: Business Development
Location: Houston, TX
Instrumentation & Electrical Project Estimator
Expertise: Electrician|Estimating|Project Management
Location: Spring, TX
Rockies Regional Instrumentation & Electrical Operations Manager
Expertise: Business Development|Electrician|Operations Management
Location: Durango, CO
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours