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New Articles

Sunday, 20 July, 2008, 21:10 GMT | more prices >>

Oilex spins further in Oman

By Upstream staff

Photo by Chris Hopson

Oilex is drilling ahead in a 12¼-inch hole below 845 metres at the Ghadaq-1 exploration well in Oman’s Block 56 and is seeking the first potential oil-bearing objective at about 1050 metres measured depth.

The bore is the second of a three-well exploration programme on the block and follows the successful Sarha-1 well.

Drilling to total depth of a bout 1600 metres is expected to take 18 days.

Oilex operates the Block 56 production sharing agreement with a 25% interest on behalf of its partners Videocon Industries on 25%, India’s GAIL with 25%, Hindustan Petroleum on 12.5% and Bharat Petroleum holding the remaining 12.5%.

The Australian outfit is also drilling ahead with the first of a planned six-well drilling programme in the Cambay production sharing contract area of India's Gujarat state, it said.

The Cambay 23Z well is below 1391 metres measured depth and a core is planned to be taken in the Oligocene OS-II reservoir objective at a depth of around 1600 metres, after which the well will be deepened to evaluate the Eocene section, the company said.

Oilex operates the Cambay contract with a 30% interest on behalf of its partners, offshoot Oilex India (100% owned by Oilex) with 15% and the Gujarat State Petroleum Corporation holding the ramining 55%.