Jubilant strikes oil off Gujarat | business | Hindustan Times
Today in New Delhi, India
Dec 05, 2016-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Jubilant strikes oil off Gujarat

business Updated: Oct 08, 2007 21:16 IST
Deepak Joshi
Deepak Joshi
Hindustan Times
Highlight Story

Jubilant Energy, part of the Jubilant Group, on Monday announced that its subsidiary Jubilant Oil and Gas Pvt. Ltd. (JOGPL) had made an oil discovery in a block near Gujarat's Mehsana district, north of the Gulf of Cambay, in Western India.

This exploration block ( Block CB ONN 2002/2) was awarded to the consortium in which Jubilant Oil and Gas Pvt. Ltd. is the operator. Its other members include Gujarat State Petroleum Corporation, and GeoGlobal Resources. The block was awarded under the fourth round of the government's New Exploration Licensing Policy (NELP-IV).

CB-3A the third exploratory well of the seven well Phase-I work commitment for this Block, commenced drilling on July 31, 2007. The well was drilled to a total depth of 2620 metres on September 1. Three hydrocarbon bearing intervals were interpreted to be present based on wireline logs and drilling parameters, Jubilant said in a statement.

Two intervals were selected for testing to establish the presence of producible hydrocarbons. DST-1 showed the presence of clean high-grade crude oil while DST-2 showed both oil and gas, confirming the presence of producible hydrocarbons.

This flow and tests were witnessed by representatives from the Directorate General of Hydrocarbons (DGH). Encouraged by these very positive test results, Jubilant plans to further evaluate and appraise this discovery.

Shyam S Bhartia, Chairman, Jubilant Energy and Mr. Hari S Bhartia, co-chairman, Jubilant Energy said, “We are very excited by this discovery. It demonstrates how our focused exploration program is achieving success. We look forward to working with the DGH and our partners to realise the full potential of Mehsana Block and our other additional prospects in the region.”