While further evaluation and appraisal of this discovery is required to determine commerciality, preliminary estimates indicate that this interval contains oil initially in place of 30-370 million barrels with a small gas cap. The preliminary estimate of mean oil initially in place is 155 million barrels. No oil-water contact was encountered over this interval.
The well also encountered shallow water bearing reservoirs which could potentially be used as a mechanism for secondary recovery. Water injection could significantly enhance recovery factors on accumulations within the block.
The rig is now preparing to move to the Saraswati discovery where it will commence a two well appraisal program.
Bill Gammell, Chief Executive, commented: 'We are delighted with this new discovery which is our third in a row on this Rajasthan block. Following these successes and our recent acquisition of an additional 50% interest from Shell, we are confident that further exploration and appraisal drilling will confirm this acreage has the potential to become a material new core area for the Group.'
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