Vedanta Oil and Gas Ltd. (VOGL) is launching an integrated exploration and evaluation (E&A) campaign in the deep block KG-DWHP-2017/1 in the Krishna-Godavari (KG) basin of India in collaboration with Exceed, a well management and engineering company owned by Kent. This block includes four existing gas discoveries and several opportunities at water depths of approximately 600 to 2000 meters (1970 to 6560 feet).
Multi-Well Exploration Program
Exceed will be responsible for subsurface evaluation, well planning, drilling readiness, and operational management throughout this campaign. Vedanta plans to initiate a multi-well exploratory drilling program early next year, which will include a phased approach to project planning, engineering, operational readiness, and well execution. As part of this program, the company is evaluating the Vermilion opportunity, which is described as a new and distinct play with significant potential.
Advanced Steps in Deep Exploration
Jim Gani Gast, interim CEO of Vedanta Oil & Gas, stated: "Our entry into deep water exploration is a defining milestone in Vedanta Oil & Gas's growth trajectory." He added: "Through collaboration with Exceed, we are combining global deep water expertise with our strong operational capabilities to pursue high-impact exploration opportunities."
Vedanta holds over 4600 square kilometers (1776 square miles) of deep land in the KG basin. To prepare for drilling, the company has integrated and processed 3800 square kilometers (1467 square miles) of 3D seismic data in this block and conducted a controlled 3D electromagnetic survey (CSEM) with EMGS to mitigate potential risks. The company has also collaborated with TechnipFMC on an integrated subsea infrastructure framework.
Ian Mills, CEO of Exceed, said: "By combining integrated planning, technical expertise, and global deep water experience, we aim to deliver a safe, efficient, and value-driven exploratory campaign that helps unlock the potential of this offshore asset."
This campaign is part of Vedanta's broader effort to expand deep water exploration in India. The company recently acquired two additional offshore blocks in the DSF IV bidding round, including the deep block KG/DWDSF/GD10/2025 in the KG basin. This initiative supports the government's Samudra Manthan initiative to accelerate deep water development. Since this round was completed before the separation of Vedanta Ltd.'s oil and gas unit, the company intends to take action to transfer its stake in the blocks to Vedanta Oil and Gas.
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