Cairn
|
"Cairn
Block oversight panel, called the Management Committee approved the exploration work programme for the RJ-ON-90/1 block on 14th February after which Cairn India, the Operator of the block, commenced the drilling of its first Exploration well, Raageshwari-South-1, on 25th February located in the southern part of the block.
"Technical evaluations indicate about 10 metres of gross oil column within Dharvi Dungar Formation," it said.
"Oil has been discovered and tested for the first time in Dharvi Dungar sands in Raageshwari-Tukaram area, where previous discoveries were in the shallower Thumbli sands," Cairn said, adding the volumes of oil in place and the potential resource base associated with this discovery are under evaluation.
Cairn Chief Executive Officer P Elango said the discovery in the block "reaffirms our belief that an aggressive exploration drilling programme will help harness the full potential of the
"This is a step closer towards reserve accretion through exploration-led growth," he added.
|
No comments:
Post a Comment