HOEC said that SPD-1 has encountered hydrocarbon-bearing sands. Testing of Hazad Formation sand resulted in flow of crude oil at an initial rate of 50m3/day (315 barrels per day), along with associated natural gas through 5 mm bean.
HOEC is the Operator of the Block CB-ON-7 and holds 50% participating interest during the exploration phase. Gujarat State Petroleum Corporation Limited and Oil and Natural Gas Corporation Limited (Licensee) are the consortium partners in the said block.
Most Popular Articles
From the Career Center
Jobs that may interest you