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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (5597)8/16/1999 3:37:00 PM
From: Mohan Marette   of 12475
 
Oil struck in Rajasthan for the first time

(Tuesday, August 17, 1999)

Our Energy Editor in New Delhi

Oil has been struck near Barmer in Rajasthan, the first time in the Rajasthan-Gujarat basin, marking a major achievement for oil exploration in the region.

The oil was struck at a depth of around 1900 metres on Sunday by Shell India Production Development (SIPD) in a sandstone reservoir at Sanchor basin and the well was flowing at a rate of 2000 barrels per day, an official release issued yesterday said.

This is also the first find by a private international oil company under a system of 'offer of blocks' that the government has been following for over 20 years, it said.

India had entered into a production sharing contract with a consortium of SIPD BV and Cairn Energy Limited for the block, and two wells had been drilled in the block.

Drilling of this second well started on May 22 this year and after reaching a depth of 2910 metres, "the well kicked with the influx being mainly oil", the release said.

In the first well, which the consortium drilled upto a depth of 2573 metres, the side wall core samples confirmed presence of oil at 1879 metres, it said.

business-standard.com
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