South West Pinnacle Exploration Limited (SWPEL), an ISO 9001:2015 certified company and a leading provider of end-to-end drilling and exploration services, announced a significant achievement on December 19, 2024. The company has secured a Letter of Award (LOA) worth approximately ₹60 crores from Oil India Limited (OIL) for providing Passive Seismic Tomography (PST) services.

This contract signifies SWPEL’s continued focus on leveraging advanced technologies in resource exploration and reinforces its leadership in the domain of oil and gas exploration.

Details of the Award

1. Scope of the Contract: The LOA pertains to the exploration of oil and gas in the North Eastern part of India using Passive Seismic Tomography (PST) technology. This method is particularly useful in areas with high local earthquake activity, enabling efficient exploration without causing environmental disturbances.
2. Value of the Contract: The total aggregate value of the award is approximately ₹60 crores, making it a significant addition to SWPEL’s project portfolio.
3. Past Expertise: South West Pinnacle has previously executed a similar PST project for Oil India Limited, underscoring the company’s reliability and expertise in using cutting-edge technologies.

Significance of Passive Seismic Tomography

Passive Seismic Tomography is a specialized technique for oil and gas exploration that uses natural seismic waves caused by local earthquakes to map underground structures. This non-invasive method is ideal for identifying hydrocarbon reserves in geologically complex and environmentally sensitive areas.

By employing this advanced technology, SWPEL has gained a competitive edge in the exploration sector, distinguishing itself as a leader in adopting innovative solutions.

Comments from Leadership

Commenting on the achievement, Mr. Vikas Jain, Chairman and Managing Director of South West Pinnacle Exploration Limited, stated:

“I am very pleased to announce that we have received an LOA from Oil India Ltd. for exploration of oil and gas using PST from such a reputed public sector company. Such an LOA strengthens the long-term sustainability of the company and aligns with our vision. Oil and Gas exploration through PST underlines the fact that the company uses the latest available technologies in the world for exploration, which differentiates us from others in the field.”

About South West Pinnacle Exploration Limited

South West Pinnacle Exploration Limited is a diversified exploration service provider specializing in:

• Drilling and exploration of natural resources, including coal, ferrous and non-ferrous minerals, atomic minerals, and oil and gas.
• Groundwater investigation and mining services for copper and gold.
• Application of advanced exploration technologies such as 2D/3D seismic surveys, Passive Seismic Tomography, and downhole geophysics.

The company has an extensive track record, having successfully completed over 150 projects and operating 15 ongoing projects across India. Additionally, SWPEL is involved in international ventures, such as mining projects in Oman, through its joint venture Alara Resources LLC.

Recent Achievements

1. Coal Mining in Jharkhand: The company has acquired a coal block in Jharkhand with geological reserves exceeding 84 million tons. It has signed a Coal Mine Development and Production Agreement with the Ministry of Coal and is actively progressing in its development.
2. Technological Milestones: SWPEL has completed:
   • 2.6 million meters of drilling.
   • 1 million meters of geophysical logging.
   • 520 sq. km. of 3D seismic surveys.

Strategic Importance of the LOA

1. Strengthened Portfolio: The ₹60 crore order from Oil India Limited reinforces SWPEL’s position as a trusted partner in India’s energy sector.
2. Commitment to Innovation: The focus on advanced exploration technologies like PST ensures that the company stays ahead in the competitive market.
3. Contribution to National Energy Goals: By facilitating oil and gas exploration, SWPEL supports India’s mission of achieving energy security and reducing reliance on imports.

Future Prospects

The award positions South West Pinnacle Exploration Limited for further growth opportunities in the oil and gas sector, both domestically and internationally. Its commitment to technological innovation and sustainable practices ensures that the company remains at the forefront of exploration services.

As SWPEL continues to expand its portfolio and expertise, it is poised to make significant contributions to the exploration and mining industries, paving the way for a sustainable and resource-secure future.

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