GeoEnpro to hire John Energy rig
GeoEnpro is to hire a 2000-hp rig from John Energy to drill one exploration well at its 12-sq km producing Kharsang oilfield in Arunachal Pradesh.
“Draft copies of the agreement have been exchanged,†says an industry source. “A Letter of Intent will soon be issued followed by a contract.
†GeoEnpro - a joint venture between Monaco-based Geopetrol and Jubilant Energy - wants to drill the well to between 3200 and 3600 metres depth. “This will be the deepest well ever at Kharsang and should take three to four months,†we hear.
John Energy will mobilise the John 16rig at Kharsang by end-April for $35,000/day and a mobilisation fee of $1.5m. Kharsang produces 250 kilolitres or 2200 b/d, up from 1000 b/d in 2008.
Credit for this goes to 14 new development wells drilled to the Namsung geological formation by a 750-hp JayBee Energy rig. Out of 55 wells at Kharsang, 19 are being 'worked over' with a 750-hp rig from Assam-based Udipta Energy.