Australia-based Oilex Ltd. revealed Monday that the laying of the pipeline at Cambay-73 in Gujarat, India has been completed, with tie in to the production facilities expected to be completed shortly. The Cambay-73 oil and gas production facilities have finished pre-commissioning and are now ready for commissioning and start-up.
Cambay-73 will supply gas to the low pressure gas market in the vicinity of the Cambay Field and is expected to produce approximately 50 to 60 barrels of oil equivalentt per day (boepd) of gas and condensate. The condensate will be separated at the field and trucked to a nearby refinery together with other Cambay crude oil produced.
The scheduled commencement of gas sales into the Indian domestic market reinforces Oilex’s strategic advantage as an early mover in India and highlights the Company’s ability to access infrastructure and successfully execute its work program.
Managing Director of Oilex, Ron Miller, said;
“The commencement of gas production from the Cambay-73 facilities is a significant milestone for Oilex and marks the first step on the path to achieving positive cash flow from operations in India. Oilex continues to deliver on its plan of production, near-term cashflow and reserves growth to create a sustainable business in the midst of a robust and supportive domestic market for petroleum energy.”
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you