Oilex Resumes Drilling Ops in Oman, Continues Development in India

Oilex has advised that drilling operations have resumed in Oman and drilling and testing continues in India.

  • Sarha-2 the first appraisal well that is designed as a future oil producer on the Sarha structure in Block 56, Oman spudded on September 4, 2008 and is drilling ahead to the second casing point.
  • In India, the workover rig resumed operations on Cambay-19Z after a period waiting on chemicals and equipment for the cased hole testing program starting with Drill Stem Test (DST) #2 over an interval of additional perforations similar to the zone that tested oil from DST #1.
  • Cambay-73, the third well in the Cambay Field appraisal program, is at a depth of 2,030 metres and preparing to drill ahead to the Deccan Basement objective.

The Sarha-2 well will be drilled as a pilot hole to 1,763 meters to evaluate all reservoir objectives into the top of the Huqf Formation carbonates. On reaching total depth, the well will be plugged back to the 9 5/8' casing shoe and a horizontal well of 500 meters length will be drilled into the Al Khlata Formation sandstone which flowed oil to surface in Sarha-1.

Essential equipment and materials arrived at the Cambay-19Z location and preparations are being made to complete the logging program and conduct DST #2 over additional, deeper units that are similar to the Basal EPIV section that flowed oil in DST #1.

Three open hole drill stem tests were run over the Basal EPIV and EPIII / EPIV intervals and detailed analysis of the test results is continuing for the Cambay-73 well. Small volumes of oil and gas were recorded at surface
and one test was a technical failure. Operations to recover equipment lost downhole were successfully concluded.

Casing has been run and cemented and the well will be drilled through the Deccan Volcanics / fractured basement objective.

Participants in the Block 56 Exploration and Production Sharing Agreement are:

Joint Venture Party Participating Interest

  • Oilex Oman Limited (Operator) 25%
  • Videocon Industries Limited 25%
  • GAIL (India) Limited 25%
  • Hindustan Petroleum Corporation Limited 12.5%
  • Bharat Petroleum Corporation Limited 12.5%

Participants in the Cambay Production Sharing Contract are:

Joint Venture Party Participating Interest

  • Oilex Ltd. (Operator) 30%
  • Oilex NL Holdings (India) Limited (100% owned by Oilex 15% Ltd.)
  • Gujarat State Petroleum Corporation 55%


Company: Gujarat State Petroleum Corp. more info
 - Oilex Progressing Work Plan to Unlock Gas Resources in India's Cambay Block (Jun 27)
 - Oilex Commences Gas Production from Bhandut Field in Gujarat, India (Apr 08)
 - GeoGlobal Updates ANK 41-S Drilling In India (Dec 22)
Company: Gas Authority India Ltd. (GAIL) more info
 - Dominion Energy Denies LNG Contract Renegotiations (Dec 19)
 - India Seeks to Rework More LNG Contracts Amid Surplus, GAIL Says (Oct 04)
 - LNG Price Row Between India, US Crimps Trump's Export Aims (Jun 30)
Company: Bharat Petroleum more info
 - Top Oil Market Summons Poseidon to US-Mideast Crude Fight (Jul 18)
 - Petronet Eyes 2019 Rescue for Nearly Idle $700 Million LNG Plant (Jul 18)
 - India BPCL Makes Its First US Oil Purchase, Buys Mars, Poseidon (Jul 17)
Company: Videocon Industries more info
 - Sources: Petrobras To Sell 'Junk' Fields As Big Finds Delayed (Jul 05)
 - Petrobras' Indian Partners Fight Delay In Troubled Brazil Oil Project (Jul 04)
 - India's Videocon Considers Divesting Upstream Assets to Repay Debts (Jun 13)
Company: Hindustan Petroleum more info
 - India Refiner HPCL Sees More Scope For Foreign Buys After ONGC Deal (Jul 20)
 - India Approves Creation of State Oil Giant in $4.6 Billion Deal (Jul 19)
 - Iraq Undercuts Saudi Arabia In Q2 To Grab Top Spot In India Oil Market (Jul 19)
Company: Oilex Ltd more info
 - Oilex Looks to up Cambay Stake to 100% (Dec 13)
 - Oilex Progressing Work Plan to Unlock Gas Resources in India's Cambay Block (Jun 27)
 - Australia's Oilex, Zeta Resources Agree to Terminate Legal Proceedings (Jun 08)