Last week the PK-1 well discovered 10 million barrels of oil and 300 billion cubic feet of natural gas. This was the first well drilled on this block. The well encountered hydrocarbon bearing zones in three intervals and was drilled to a depth of 1,736 meters. The well will be deepened to 2,000 meters.
CB-ONN-2000/1 block was awarded to GSPC (40 percent), GAIL (40 percent) and JTI (20 per cent) in 2001 under (NELP-II).
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