Niko Tests 6000 BOPD in Latest Well at Hazira, India

Niko Resources reports that the third well drilled, Hazira OS-3, from the offshore platform tested oil from a zone at 1,200 meters with a flowing rate of 6,000 BOPD on a 80/66" choke and a pressure of 442 psi.

The oil zone has now been successfully tested in five wells and can be identified on logs in nine wells in the Hazira field. Further delineation will occur with the drilling of the next three wells from the platform. Once the areal extent and reserves are determined, development plans to produce and market this oil will be formulated. OS-3 will now be completed as a gas well and immediately put on production.

Niko Resources Ltd. is the operator of this field with a 33% working interest. Reliance Industries holds the remaining interest.