Oilex has advised that drilling and testing operations are in progress at two locations in the Cambay Field, Cambay Basin, Gujarat, India. Preparations are being made to conduct drillstem tests (DST's) at Cambay-19Z and rigging up operations in preparation for spudding of the well are in train at Cambay-73 (renamed from Cambay-34Z) location. The following table gives a summary of current and planned operations.
CAMBAY-19Z APPRAISAL WELL
The drilling rig has demobilized from location after suspending the well on completion of DST #1. Site preparation for the introduction of a smaller, cost-effective workover rig to conduct DST's #2 (Basal EP IV sandstone), #3 (EP III and EP IV) and #4 (OS II) is under way. The workover rig has been contracted and is
DST #2 will be carried out over an interval of 16 meters of potential oil pay below the zone that was tested by DST #1.
CAMBAY-73 APPRAISAL WELL
The drilling rig has arrived on location at Cambay-73 and is rigging up in preparation for spudding of the well. The location is the first of a series of new locations that do not involve drilling from existing old well locations and the well will be drilled vertically rather than as a directional hole as was the case for Cambay-23Z and Cambay-19Z thereby reducing the time and cost taken to reach to Total Depth (TD).
The location of Cambay-73 has been selected to drill the OS II and EP III-IV primary objectives on the eastern side of the fault that separates the Western High Block from the Basin Gas Area. It is anticipated that both zones will be gas nearing in this well.
Participants in the Cambay Production Sharing Contract are: Joint Venture Party Participating Interest, Oilex Ltd (Operator) 30%; Oilex NL Holdings (India) Limited (100% owned by Oilex 15%
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