Oilex advises that Cambay 23Z, the first of 6 consecutive appraisal/development wells in Cambay Field, Gujarat, India spudded at 23:00 hrs on Friday, 07 March 2008 and is currently drilling ahead below a depth of 247 metres.
The purpose of the program of 6 wells is to gather detailed lithological and reservoir fluid information in the Cambay Field to provide a comprehensive basis for certification of oil and gas reserves and proceed to development of the field as a gas and oil project. In combination with the high quality 3D seismic survey over the block and the extensively reworked old well data, Oilex anticipates that the information from the new wells will provide a comprehensive basis for certification of oil and gas reserves at the level of the Oligocene and the Eocene main potential reservoir units.
All 6 wells will test the Oligocene and Eocene primary targets and any of those wells that indicate production potential from these zones may be suspended for future production of oil or gas. Four of the wells will also test deeper exploration targets at the base of the Eocene section and fractured Deccan basalts that have proven to be oil reservoirs in the Tarapur block operated by GSPC immediately to the north and on trend with the Cambay Field.
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