Our course has a session on NE India, talking about the enormous size and structure style of anticlines in Tripura and Mizoram-Manipur.
The access problems there and political uncertainty have delayed exploration but better field mapping and new technology (especially the advent of gravity gradiometry) has de-risked the current projects.
With India’s need to prove new oil resources now urgent, as present fields decline and imports are running at about 80 percent of consumption, there are favourable opportunities shaping up for new entrants.
Another licence round with more amenable terms, and the possibility of joining groups which are beginning frack initiatives, is planned for 2016. We can help new entrants to make successful strategy in approaching established operators.