HOEC Hits Pay in Cambay Basin

Hindustan 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.

HOEC said that SPD-1 has encountered hydrocarbon-bearing sands. Testing of Hazad Formation sand resulted in flow of crude oil at an initial rate of 50m3/day (315 barrels per day), along with associated natural gas through 5 mm bean.

HOEC is the Operator of the Block CB-ON-7 and holds 50% participating interest during the exploration phase. Gujarat State Petroleum Corporation Limited and Oil and Natural Gas Corporation Limited (Licensee) are the consortium partners in the said block.