Jindal exploration campaign in Georgia

Vol 16, PW 23 (13 Jun 13) News in Brief
     

Delhi-based Jindal Petroleum is carrying out a five-well onland exploration drilling campaign across its 635-sq km Block 11B and 3872-sq km Block 9 in Georgia.

“Three wells were drilled and completed at Block 11B,” says a company source. “Jindal is drilling the fourth well at Block 9.

” By June 8, Jindal had drilled the fourth well to 270 metres of the planned 3500 metres TD. “We may drill the well deeper to 4000 metres,” adds a source.

Jindal expects Polish drilling contractor OGDC Nafta Pila, hired at $25,000/day, to complete the well next month (July) after which it will spud the fifth well at Block 11B and drill it to over 4200 metres TD. Jindal produces around 600 b/d of 40-degree API oil from 40 wells at Block 11B, one of four exploration blocks won during the Georgian overseas exploration bidding round in August 2008, with PSCs signed in January 2009.

In March 2009, Jindal acquired exploration/producing block 11B.