Oilex to test Gujarat well

PERTH-headquartered Oilex is preparing to run production casing on its Cambay-23Z well in Gujarat, India after reaching a total depth of 2100m.

After running casing, the company said it would conduct a drill stem test over the Eocene EP IV primary objective.

According to Oilex, wireline logs run during the past week show the EP IV is gas bearing.

As operator, Oilex holds 30% of the Cambay production sharing contract, Oilex NL Holdings India has 15%, and Gujarat State Petroleum Corporation has 55 %.

Meanwhile, Ghadaq-1 well in Oman's Block 56 has been plugged and abandoned as an oil discovery after preliminary test results indicated only minor traces of oil.

Oilex said the rig has been released and is mobilising to wildcat exploration Alyanbou-1 exploration well.

Alyanbou-1 is the third well in the first phase of the exploration drilling program and has an estimated resource potential of 10-375 million barrels of oil in place.

As operator, Oman Oilex holds 25% of Block 56, while partners Videocon Industries and GAIL each have 25%, and Hindustan Petroleum and Bharat Petroleum each have a 12.5% stake.

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