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Friday, 09 January, 2009, 03:00 GMT | more >>

Oilex hunts for Cambay rig



By Upstream staff 

Australia’s Oilex is searching for a workover rig to carry out a test programme on the Cambay-72 well in India.

Should the test of the Eocene section be successful, the well will be placed on production and testing of the shallower potential oil and gas bearing zones may be postponed.

The results from Cambay-72 will also affect the final decision to deepen and test the Cambay-71 well.

Oilex recently took over operatorship of the Cambay field and holds a 45% interest, including 15% that it bought from Niko Resources under a deal awaiting approval from the Indian government.

Its sole partner in the production sharing contract is Gujarat State Petroleum Corporation on 55%.


Thursday, 07 December, 2006, 06:01 GMT  | last updated: Thursday, 07 December, 2006, 09:48 GMT

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