Wednesday, 26 August 2015

OIL's Rs 280 crore ERD programme: Wells will extend 2 kms into the forest at a depth of 4000 metres

Oil India Limited intends to drill seven Extended Reach Drilling (ERD) wells in Baghjan area in the prospective Tinsukia district in Assam.
8The price tag is Rs 280 crore.
8The wells are being drilled below the Dibru-Saikhowa national park with the Dangori river in the south and Brahmaputra in north.
8The part is out of bounds for drilling and that's the reason why the ERDs are being drilled. 
8Oil India Ltd is of the view that there is a strong possibility that there are hydrocarbons below the park and beyond the mining lease demarcation of the Bhagjan block.
8Currently 5000 bbl of oil has been produced from 19 wells in Baghjan region per day.
8The seven locations are planned from the existing three well plinths
8The wells will extend 2 km into the forest 
8Thetarget depth is 3950 m.
8A total in-place resource of 11.5 MMSKLS has been estimated for the identified prospects. The recoverable resources are estimated at 3.45 MMSKLS.

For more details visit indianpetroplus.com

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