oilex in gujarat to focus on miocene basal

Wednesday, June 17, 2009

Oilex in Gujarat @ Cambay-57 - to focus on Miocene Basal Sands

Oilex Australia, the operator of the Cambay basin block, is leaving no stone unturned to optimize productivity in the Gujarat acreage. Oilex sources have revealed that a 30-year old well, the Cambay-57, was recently re-entered to evaluate the Miocene Basal Sands (MBS). Small amounts of oil, along with formation water, was recovered after the MBS was perforated in Cambay-57. The well is now being evaluated at the moment, the sources have added.

In the meantime Oilex is also planning to add another well, the Cambay-75 to the current production stream. The well has an estimated 5-15 million barrels of oil in place potential resource.

Oilex wants to continue the success story of the nearby Cambay-64 and Cambay-74 wells, which are already producing in the block. The operator has long term plans to maintain a production target of 3,000 BOPD in the potential field by the end of 2009.

The operator is already producing from two of its oil wells, Cambay-64 and Cambay-74, in the block.


http://www.eai.in/blog/2009/06/oilex-in-gujarat-cambay-57-to-focus-on.html