Wednesday, June 27, 2018

Oil India finds hydrocarbon in KG Basin: Report

OIL India Limited (OIL), one of India’s largest public sector oil exploration and production companies, has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block — KG-ONN-2004/1. “The well Thanelanka-1 is the first high pressure-high temperature (HP-HT) well drilled by OIL and has encountered multiple sands in Gollapalli Formation of late Jurassic-early Cretaceous and one zone in Raghavapuram Formation of intra Cretaceous,” the company said in a statement adding that on testing, the HP-HT zone in the depth...
range 4,912-5,159 m in Golapalli Formation produced gas at 300 scmd through 16/64” bean choke.
“The size of the discovery can only be ascertained after further testing of the wells” said an OIL official.
OIL is the operator of the block with 90 percent participating interest while the balance 10 percent is held by Geo Global Resources. Earlier, the Navratna PSU made a gas discovery at Dangeru-l well in the block. In 2017-18, OIL produced 3.39 metric million tonnes (MMT) of crude oil and 2.93 billion cubic meters (BCM) of gas.
Besides having a pan-India presence, OIL has participating interest in blocks in more than nine countries overseas — Libya, Gabon, Nigeria, Yemen, Venezuela, USA, Mozambique, Russia and Bangladesh.
The Navratna PSU is the second largest hydrocarbon exploration and production company with its operational headquarters in Duliajan, Assam under the administrative control of the Ministry of Petroleum and Natural Gas. OIL is engaged in the business of exploration, development and production of...
crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The company's history spans the discovery of crude oil in the far east of India at Digboi, Assam in 1889 to its present status as a fully integrated upstream petroleum company.

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