PFH wants to begin drilling DSF fields by 2018
Petro watch | Nov 02 , 2017
By the second half of 2018 the Kolkata-based oil and gas startup wants
to begin drilling at two of three fields won in the DSF round which
closed on February 15: KG/ONDSF/Achanta/2016 or Achanta, and
KG/ONDSF/Bhimanapalli-Uppidi/2016 or Bhimanapalli, both in Andhra
Pradesh. Promoted by 29-year old UK and US-returned entrepreneur Harsh
Poddar, PFH applied to the environment ministry for Bhimanapalli
clearance on October 3 and for Achanta clearance on September 25.
"Drilling will begin as soon as we receive the clearance," reports a
company source. "Usually this takes seven to eight months." At the
15.01-sq km Bhimanapalli field, PFH plans to workover two wells drilled
and abandoned by ONGC: Bhimanapalli-1 and Uppidi-1.
Also planned are five possible exploration wells. "Exact locations will
be finalised after interpreting well results, seismic and the success of
wells as they are drilled," reads a pre-feasibility report.
At the 9.63-sq km Achanta field, PFH plans to workover two earlier
wells, also drilled and abandoned by ONGC: Achanta-1 and CMAA(A). Also
planned are up to five possible exploration wells.
"At present we are preparing the FDP and interpreting old well and
reservoir data," adds our source. "Once we get FDP approval from the DGH
we'll issue tenders for rigs and services."
PFH plans to spend Rs10cr ($1.5m) on each well and also plans to
lay new pipelines to connect the wells to the nearest ONGC gas gathering
stations for processing. Achanta _is located 6-km
from the Kavitham EPS while Bhimanapalli is 15-km from the Gopavaram gas
gathering station. Well Bhimanapalli-1 was drilled in 1984 flowing
27,300 cm/d from Paleocene sands; Uppidi-1 was drilled in 2007 and
flowed 99,840 cm/d along with 14.4 cm/d oil (90 b/d) during initial
testing. Bhimanapalli-1 was drilled to explore the Eocene carbonate
build up, and also Paleocene sediments in the Bhimanapalli structure in
the east Godavari sub-basin; Uppidi-1 was drilled to explore Vadaparru
shale. Limestone zones were encountered at both wells and the potential
hydrocarbon zone is believed to be below 2000 metres. According to
government estimates, Bhimanapalli-1 holds 771m cubic feet and Uppidi-1
holds 622m cubic feet. Achanta-1 on the other hand was drilled in 1993
to explore the Upper Cretaceous formation, Palaeocene and Palakollu
sands. During initial testing the well flowed 62,385 cm/d gas and 1.3
cm/d (8 b/d) condensate from Palakollu sands. Achanta-1 is estimated to
hold 1.062bn cubic feet of reserves.