IndianOil drills dry well at Gujarat block

Vol 18, PW 6 (06 Nov 14) News in Brief

IndianOil will soon begin drilling the fourth Phase-I exploration well at its 81-sq km NELP-VII block CB-ONN-2005/2 in Gujarat despite setbacks at three previous wells.

John Energy is mobilising 2000-hp rig Black Pearl to begin drilling well Chanasma next week to 2600 metres TD, targeting the Olpad formation. On October 22, IOC completed its third well, which was dry.

This well, Patan, was spud in August and drilled to 2800 metres TD targeting the Cambay, Kadi and Kalol formations. “We’ve plugged and abandoned the well,” says a company source.

IOC launched itself as an upstream operator in March 2013 when it spud the first well and drilled it to 2200 metres TD. This well was dry too.

In August 2013, IOC 'spud' the second well and drilled it to 3050 metres. Here IOC struck oil but could not begin testing because of tight formations so it abandoned the well.

Signed on December 22, 2008 the PSC kicked in from September 22, 2009.

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