OVL makes two oil discoveries in Syria - SteelGuru

By
Viraj
on March 7, 2010 3:12 PM | | TrackBacks (0)
ONGC Videsh Ltd the overseas arm of Oil and Natural Gas Corporation has made two oil discoveries with a combined potential of 185 million barrels in a block in north eastern Syria.

Oil Tanks India manufacturing facility.

OVL and its partner IPR Mediterranean Exploration Ltd discovered the Rashid and Abu Khashab oilfields in Block-24. Rashid 1 well, drilled up to 1,739 metres, tested oil at the rate of 1,343 barrels per day. The second discovery well Abu Khashab-1 penetrated Jeribe formation of Miocene age at 950 metres and tested oil with a rate of 900 bpd. The third well Abu Khashab-2 was drilled to deeper horizons Dibbane and Chilou where oil was found. OVL has several producing and exploration assets in hydrocarbon-rich Africa and is looking at more acquisitions in the continent. OVL currently has 11 oil and gas projects in African nations like Sudan, Nigeria and Egypt.

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This page contains a single entry by Viraj published on March 7, 2010 3:12 PM.

Iran's Ace (Or Deuce): Its Oil Reserves - New York Times was the previous entry in this blog.

Europe the new frontier in shale gas rush - Financial Times is the next entry in this blog.

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