Oilex advised that Black Pearl Drilling Services, the drilling contractor, has commenced the mobilization of the Black Pearl Rig 1
The rig is mobilizing from another location in Gujarat. Construction work at the Cambay-76H well site has been completed. Procurement of remaining drilling and fracture equipment and services for the well is substantially complete with mobilization to site progressing.
The Cambay-76H well will evaluate the production potential of the extensive Eocene "tight" Y-zone reservoir that extends across the 161 km2 Cambay PSC contract area. The well, which includes a 610 meter lateral section, is expected to take approximately 35 days to drill and complete. A two month production test will then be conducted after an 8 stage fracture stimulation of the Y zone.
The participating interests in the Cambay PSC are:
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