Jul 12, 2012, 08.23 AM IST

John Energy start drilling programme at GSPC-GAIL's NELP VI

Oil and gas sector company John Energy has begun a three well exploratory drilling programme for GSPC-GAIL at its 4,613-square km NELP VI land block in Rajasthan.

Source: PTI
Share Share on Tumblr
Share  .  Email  .  Print  .  A+
Oil and gas sector company John Energy has begun a three well exploratory drilling programme for GSPC-GAIL at its 4,613-square km NELP VI land block in Rajasthan.
    
GSPC-GAIL 'squd' the first well on June 10 using a 1000-hp John rig. It is targeting the Jodhpur sands formation and is likely to take up to 35 days to drill each well to 1,800 metres, prospecting for 'light oil'.


Any 'light oil' discovered will be mixed with 'heavy oil' from two wells drilled earlier at the block in 2011. Yet another well drilled in February this year was plugged and abandoned after it turned out dry.
    
In total, the consortium has committed to drill six exploration wells in Phase-I, which ends in November 2012, according to a release here.
    
John won the three-well assignment in April against competition from Essar, Quippo, Deep Industries and Shiv Vani .
    
GAIL and GSPC each hold a 22.22% stake at the block; HPCL has 22.22%, BPCL , Hallworthy shipping and Nitin Fire Protection System each old 11.11%. They signed the production sharing Contact with Government of India on March 2, 2007, the release said.
    
The NELP-VI block is situated in Bikaner-Nagaur basin in the Thar desert, adjacent to the India-Pakistan border.


Set email alert for

Shiv Vani Oil Deep Industries HPCL GAIL BPCL Nitin Fire Prot
Action in Shiv Vani Oil & Gas Exploration Services
Micromax A110Q Canvas 2 Plus: A Specifications Review
Nine years of UPA: What makes Sonia Gandhi the real hero "Nine years of UPA: What makes Sonia Gandhi the real hero"

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18
News Videos

May 23 2013, 16:33

Japan`s fall natural after 80% rally in 6 months: AMP Cap

- in Asian markets

Sign in

We notice that this Email ID is already verified against Moneycontrol User ID. Just enter your password and login to Set Alert.

UserID:
Password:

Forgot Password?