
The test covered 6 m in one gas-bearing zone out of a total of 150 m net thickness in 15 gas-bearing reservoirs, according to log interpretation. The test rate was 6.5 MMscfd of gas and 140 b/d of condensate on a 32/64-in. choke. Test depth interval wasn’t disclosed.
HOEC as operator, Indian Oil Corp. Ltd., and Oil India Ltd. have 40.323%, 43.548%, and 16.129% participating interests, respectively, in the exploration phase.
OIL, the block licensee, has an option to acquire a further 30% participating interest in the development and production phase. If OIL exercises the option, the revised participating interests in the development and production phase will be 26.882%, 29.032%, and 44.086% for HOEC, IOL, and OIL, respectively.
Source: Press release
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