Agip missed the expected reservoir in Oberan -2, inspite of the large expectations created by the discovery well. Oberan -2 is located in the Agip operated Oil Mining Lease (OML)134. Delays in the approval of contract for the three dimensional seismic acquisition, led the company to go ahead and drill the appraisal well, taking advantage of an available rig. “They thought they had enough information with the existing Agip seismic data to drill the appraisal”, a source said. They were wrong. Lessons learned: “They are going to take their time with the third well, integrate all available data into the new 3D data on the structure and evaluate. Oberan 3 is not likely to be drilled until the second or third quarter 2010”.