Oil India Commences Drilling on Rajasthan Block
GeoGlobal announced that the drilling of the first well on the Rajasthan blocks, the Rachan-1, commenced on April 21, 2010. Oil India Limited, as operator of the Exploration Block RJ-ONN-2004/3 (RJ Block 21), is drilling the Rachan-1 vertically to an estimated total depth of 1,500 meters to test the Jodhpur Sandstone and the Upper Carbonate group. GeoGlobal has a 25% participating interest share of the Rachan-1 exploration well.
The Production Sharing Contracts for both RJ Block 20 and 21 were signed on March 2, 2007. The adjacent blocks are located onshore in northwest India in the Rajasthan Basin and surround Oil India Limited's producing Baghewala oil field. Combined, the blocks cover an area of approximately 3,526 square miles (871,293 gross acres). The consortium recently completed the acquisition, processing and interpretation of a 3-D seismic program of approximately 1,300 square kilometers, which has identified a number of drilling locations. The Rachan-1 is the first of twenty exploration wells to be drilled over these two blocks.
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