1 day ago
Vedanta partnership targets 300 MMboe Northeast resource unlock
Vedanta Oil and Gas is working with Beicip-Franlab India to look for more oil and gas in Northeast India.
They will study rocks, underground reservoirs and seismic data.
The project covers 10 blocks, including nine OALP blocks and one DSF block.
It will examine both places where drilling has not started and fields that already produce resources.
The companies will study assets including Hazarigaon and Rudra.
Their goal is to find locations where new wells could be drilled.
They also want to help existing fields produce more.
Vedanta says the work could reveal up to 300 million barrels of oil-equivalent resources and reserves.
Vedanta Oil and Gas has partnered with Beicip-Franlab India to accelerate exploration and production growth in Northeast India.
The integrated programme will cover nine Open Acreage Licensing Programme blocks and one Discovered Small Field block.
Beicip-Franlab will conduct seismic interpretation, geological and reservoir studies, prospect ranking, resource assessment and field-development planning.
The work will include priority assets such as Hazarigaon and Rudra and could identify new drilling and production-enhancement opportunities.
Vedanta said the programme could unlock up to 300 million barrels of oil equivalent in additional resources and reserves.
- Who
- Vedanta Oil and Gas and Beicip-Franlab India are the companies involved; Jim Johnny Gast and Amit Singh commented on the partnership.
- What
- They have launched an integrated seismic, subsurface, resource-evaluation and field-development programme.
- Where
- The programme will operate across Vedanta’s priority assets in Northeast India, including assets in Assam and fields such as Hazarigaon and Rudra.
- When
- The partnership was reported on September 1, 2026; Vedanta had announced a separate Assam and Tripura investment plan in February 2025.
- Why
- The companies aim to accelerate exploration, mature resources, identify drill-ready prospects, enhance existing production and support domestic energy production.
Key facts
- Programme coverage
- Nine Open Acreage Licensing Programme blocks and one Discovered Small Field block
- Potential resource unlock
- Up to 300 million barrels of oil equivalent in additional resources and reserves
- Technical work
- Seismic interpretation, geological and reservoir studies, prospect ranking, resource assessment and field-development planning
- Named assets
- Hazarigaon and Rudra
- Vedanta portfolio
- Interests in 44 blocks covering more than 47,000 square kilometres
- Reported resources
- Gross 2P and 2C resources of 1.3 billion barrels of oil equivalent
- Earlier investment announcement
- Anil Agarwal announced a planned investment of ₹50,000 crore in Assam and Tripura’s oil and gas sector over three to four years
Quotes
Jim Johnny Gast
Interim CEO and Whole Time Director of Vedanta Oil & Gas
“Through Beicip-Franlab, we are bringing together advanced subsurface expertise and integrated technical capabilities to accelerate prospect maturation, strengthen our exploration portfolio and unlock greater value from existing assets.”
theprint.in
thehindubusinessline.com
“We aim to deliver a robust pipeline of drill-ready prospects, enhance resource visibility across the portfolio, and identify high-impact opportunities that support sustainable production growth.”
financialexpress.com
Vedanta Group
Corporate group whose statement described the partnership’s objectives
“This collaboration aims at identifying and further developing new drilling opportunities while unlocking additional value from existing discoveries and producing assets”
theprint.in
Sources
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