Gujarat State Petroleum Corp. Company News

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Oilex Progressing Work Plan to Unlock Gas Resources in India's Cambay Block
Monday, June 27, 2016Australia's Oilex is completing a detailed working plan to unlock the potential gas resource in the onshore Cambay Block in Gujarat, India.

Oilex Commences Gas Production from Bhandut Field in Gujarat, India
Friday, April 08, 2016Oilex commences gas production from Bhandut field in Gujarat, India.

GeoGlobal Updates ANK 41-S Drilling In India
Wednesday, December 22, 2010GeoGlobal Resources disclosed today an update of certain of our operations and corporate activities.

Spartan Offshore Wins Newbuild Platform Contract from GSPC
Thursday, July 22, 2010Spartan Offshore Drilling and its partners have been awarded a contract for the design, construction and operation of a 3000hp platform rig by Gujarat State Petroleum.

ONGC Remains Strong in India Market
Friday, October 23, 2009With renewed commitment to exploring its domestic resources, ONGC is by far the most active operator off South Asia with 37 rigs deployed under contract.

GSPC Gets Green Light to Develop 6 Wells on Tarapur Field
Thursday, July 16, 2009GeoGlobal Resources confirmed that Gujarat State Petroleum Corp. has received approval for the Tarapur 1 field development plan.

Analysis: Focus on India - South Asia Rig Count Heats Up
Thursday, July 02, 2009Although historically India has not been as active as other regions in offshore E&P, the South Asian country has become a more popular locale for offshore drilling, as evidenced in the growing numbers of rigs working there.

India Consortia Bag 3 Oil Exploration Blocks in Egypt
Friday, November 07, 2008Two consortia of Indian companies led by state-run Gujarat State Petroleum Corp. have been awarded three offshore oil exploration blocks in Egypt.

Oilex Successfully Tests Cambay-74, Mulls Developmental Options
Friday, October 31, 2008Oilex reports that the Miocene reservoir has been successfully tested in Cambay-74 at a constrained rate of more than 500 bopd, in the Cambay-74 appraisal well.

Oilex Confirms Miocene Oil Flow in Cambay Field
Monday, October 20, 2008Oilex noted that the appraisal program initiated recently in the western portion of the Cambay field has confirmed the oil potential of the shallower Miocene section.

Indonesia Awards 22 Oil, Gas Blocks to Boost Exploration, Output
Friday, October 17, 2008The Indonesian government Friday awarded 22 new oil and gas blocks to investors, out of the 25 it offered for bids, the Ministry of Energy and Mineral Resources said.

Oilex Confirms Eocene Oil Potential in India's Cambay Field
Tuesday, October 14, 2008Oilex has advised that 3D seismic and extensive analysis undertaken in the Cambay Field in India validates the potential of Cambay's Eocene EPIII/IV horizon.

Oilex Continues Drilling, Testing at Sarha, Cambay Wells
Tuesday, September 23, 2008Oilex has advised that drilling and testing operations continue in India and Oman, and has issued an update with information concerning its Sarha and Cambay wells.

Oilex Resumes Drilling Ops in Oman, Continues Development in India
Tuesday, September 09, 2008Oilex issued an operational update for its Sarha-2, Cambay-19Z and Cambay-73 wells. The Company reported that drilling operations have resumed in Oman and drilling and testing continues in India

Oilex Drills Ahead in India's Cambay Field, Testing Continues
Tuesday, August 19, 2008Oilex advised that Cambay-73, the third well in the Cambay Field appraisal program, is drilling ahead having set intermediate casing at a depth of 1,600 meters.

Sasol Nabs 30% Interest from JV's Exploration Permit Offshore Australia
Tuesday, August 12, 2008Oilex advised that the Joint Venture entered into a Farmout Agreement under which each party will assign a 6% participating interest in the Exploration Permit WA 388P to Sasol Petroleum Australia Ltd.

Oilex Continues Testing at Cambay Field, Basal EP IV Oil Zone
Tuesday, August 12, 2008Oilex advised that Cambay-73 is at intermediate casing point at a depth of 1,600 meters. A workover rig has been mobilized to the location of Cambay-19Z and is rigging up to continue the testing program of the extensions to the Basal EP IV oil zone.

Oilex Makes Headway on Third Well at Cambay Field
Tuesday, August 05, 2008Oilex advised that Cambay-73, the third well in the Cambay Field appraisal program, is drilling ahead at a depth of 1,268 meters. The first of the primary objectives is anticipated at about 1,495 meters.

Oilex Plans to Employ Workover Rig at Cambay-19Z
Tuesday, July 15, 2008Oilex issued an operational update on its field development in India, which includes information about Cambay-34Z and Cambay-19Z, as well as the suspension of DST-1 after a series of flow tests at different choke sizes.

Oilex Drills Cambay-19Z in India
Tuesday, June 24, 2008Oilex's Cambay-19Z appraisal well in India is drilling ahead at a depth of 2,219 meters in uppermost Deccan interval after setting the 7' production liner at 2,101 meters. The primary objective is expected within the next 150 meters.

Oilex Gets Feet Wet with Cambay-19Z Test Well
Tuesday, June 10, 2008Oilex is drilling ahead at Cambay-19Z to the Eocene EP III and IV primary objectives. The Cambay-19Z well is primarily designed to test the Eocene EP III and IV reservoirs on the Cambay Western High area where hydrocarbons have been identified.

Oilex's India, Oman Operations on Schedule
Tuesday, April 29, 2008Oilex advises that the Cambay-23Z well has been completed as a potential gas production well.

Perro Negro 3 Drills Appraisal Well Offshore India, On the Move
Tuesday, March 18, 2008Upon completion of the maintenance, it is intended that the PN#3 will be mobilized to a new location to be determined on the KG Offshore Block.

Oilex Awards Wavefield Inseis Seismic Work
Wednesday, January 30, 2008Oilex and its joint venture partners in the JPDA 06-103 block recently awarded 3D seismic work to Wavefield Inseis. Located in the Flamingo Basin between East Timor and Australia, the area to be surveyed spans 1,657 square kilometers.

Oilex Updates Drilling Operations in Indonesia and India
Tuesday, October 23, 2007Oilex reports that its Pendalian-3 in Indonesia and the Bhandut-2Z in India indicate promising oil shows.

Oilex Drilling Ahead at Pendalian-3 in Indonesia
Tuesday, October 02, 2007Oilex says that surface casing has been set at a depth of 76.2 meters and preparations are being made to drill ahead in 12 1/4 inch hole at the Pendalian-3 located in West Kampar Production Sharing Contract Area, Central Sumatra, Indonesia.

GeoGlobal Successfully Tests KG #28 Well
Monday, September 24, 2007GeoGlobal Resources says that the Gujarat State Petroleum, the operator of the exploration block KG-OSN-2001/3, has successfully tested drill stem test-1 ("DST-1") in the KG#28 well.

GeoGlobal and GSPC in Payment Dispute
Wednesday, August 15, 2007GSPC is seeking a payment of $44.68 million from GeoGlobal Resources for costs relating to the Krishna Godavari Block OSN-2001/3, Phase I work program.

Videocon Creates Subsidiary for Timor-Leste PSC
Tuesday, August 14, 2007Videocan Industries has incorporated an SPV, Global Energy Inc., which is a wholly owned subsidiary of the Company, to explore for, develop and exploit Petroleum Block JPDA 06-103 and the export and marketing of that Petroleum and all activities.

Wood Group Makes Strategic Move into India
Thursday, April 12, 2007John Wood Group PLC has bought out its former joint venture partner, Triune Projects Pvt Ltd,, to take 100% ownership of J P Kenny Triune Eng. Pvt Ltd, and has established a Group management company, renamed as Wood Group Engineering India Pvt Ltd.

Deep Driller 1 Wins More Work in India
Monday, April 09, 2007The Deep Driller 1 has received a Letter of Award from Gujarat State Petroleum Corporation for a two year contract in India.

ONGC Signs Contracts for Marginal Field Developments
Thursday, April 05, 2007Oil and Natural Gas Corporation Ltd. (ONGC) has entered into service contracts for development of 14 onshore marginal fields.

HOEC Hits Pay in Cambay Basin
Thursday, April 05, 2007Hindustan Oil Exploration Co. Limited (HOEC) has completed drilling and testing of well SPD-1, located south of its Pramoda Oil field in Block CB-ON-7, onshore India's Cambay Basin.

Reliance, GSPL Sign Pact to Transport Natural Gas
Tuesday, April 03, 2007Reliance Industries Ltd (RIL) and Gujarat State Petronet Ltd (GSPL) on March 31, 2007, signed a Gas Transportation Agreement to transport 11 MSMCMD of natural gas from Bhadbhut in Bharuch to RIL's refinery and petrochemical complex in Jamnagar.

India's GSPC May Drop Plan for Strategic Partner
Monday, January 15, 2007Gujarat State Petroleum Corp. may abandon plans to take on a strategic partner to commercially exploit its natural gas find off India's eastern coast, a senior company official said over the weekend.

Essar Oilfields Wins Contract from Gujarat State Petroleum
Monday, January 08, 2007Essar Oilfields Services Limited has been awarded a drilling contract from Gujarat State Petroleum Corporation for drilling in the Krishna Godavari basin offshore India's east coast.

Videocon Unit Inks Deal for Timor Sea PSA
Friday, November 17, 2006Videocon Industries has entered into a Production Sharing Contract with Timor Sea Designated Authority for JPDA Block # 06-103 within the Bonaparte Basin.

India GSPC Hopes Offshore KG Basin Stake Sale by End-Jan
Friday, November 17, 2006Gujarat State Petroleum Corp. hopes to sell up to 30% of its equity in its natural gas block off India's eastern coast by the end of January, company managing director D.J. Pandian said Friday.

Gujarat Energy Minister: Decision on GSPC Partner in 3-4 Months
Thursday, September 14, 2006Gujarat State Petroleum Corp. will take a final decision on a partner for its natural gas field off India's eastern coast within the next four months, Saurabh Dalal, minister for energy for the western Gujarat state, said Thursday.

GSPC Makes Second Oil Discovery at Deen Dayal Block
Wednesday, September 13, 2006Gujarat State Petroleum Corp Ltd has made a second oil discovery in its exploration block off the country's east coast.

Oilex Spuds Cambay-72 in India
Tuesday, September 12, 2006Oilex reports that the first well in the Cambay Field drilling program was successfully spud this week. The well, Cambay-72, is located on the crest of the Western High block of the Cambay Field.

GeoGlobal Resources Suspends Fishing Operations on KG#17 Well
Friday, May 26, 2006GeoGlobal Resources says that fishing operations in the KG#17 well intended to retrieve stuck tubing and equipment from the hole have been suspended.

Oilex Acquires 30% Stake in Cambay Field
Friday, March 24, 2006Oilex NL reports that the Government of India has approved the assignment to Oilex by Gujarat State Petroleum Corporation (GSPC) and Niko Resources of a 30% participating interest in the PSC covering the Cambay Field located onshore Gujarat State.

Great Artesian Finalizes Farmin for EPP 27 Offshore Australia
Wednesday, March 01, 2006Great Artesian Oil and Gas has finalized its farmin agreement for EPP 27, Offshore Otway Basin, involving Oilex.

Oil Production Kicked Off at Palej JV
Thursday, November 03, 2005The Palej Oil Production Facility, a JV with the HOEC & GSPC as consortium partners, was inaugurated last week.

Atwood Beacon Wins Contract for Work Offshore India
Tuesday, September 06, 2005Atwood Oceanics reports that the Atwood Beacon has been awarded a twenty-five (25) month contract by Gujarat State Petroleum Corporation Ltd. to drill offshore India.

GeoGlobal Announces Natural Gas Discovery at KG#8
Tuesday, June 28, 2005Gujarat State Petroleum Corporation has made a natural gas discovery in the KG#8 well in the Krishna Godavari basin on Exploration Block KG-OSN-2001/3 off the east coast of India.

GeoGlobal to Test KG#8
Wednesday, May 18, 2005GeoGlobal Resources reports that the KG#8 well located within the Krishna Godavari Basin on Exploration Block KG-OSN-2001/3 off the east coast of India has been drilled to a total depth of 5,061 meters.

GeoGlobal Takes Stake in Tarapur Block in India
Tuesday, April 12, 2005GeoGlobal Resources has acquired a 20% participating interest from Gujarat State Petroleum Corporation in the onshore CB-ON/2 Exploration Block.

GeoGlobal Encouraged by KG #8 Results
Monday, April 04, 2005GeoGlobal Resources says that the KG#8 well located within the Krishna Godavari Basin on Exploration Block KG-OSN-2001/3 off the east coast of India has been drilled to a depth of 4,595 meters with encouraging results.