Cairn India discovers oil & gas reserve in KG basin - Economic Times

By
Viraj
on August 24, 2010 2:15 AM | | TrackBacks (0)
KOLKATA: Cairn India has hit yet another large oil and gas reserve. This time in Andhra Pradesh’s Godavari district. With this, Cairn has been involved in at least 40 gas finds across India.

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According to a notice sent to the Bombay Stock Exchange, Cairn Energy India (CEIPL), a wholly- owned subsidiary of Cairn India, has notified the Directorate General of Hydrocarbons (DGH) of an oil and gas discovery in Nagayalanka-LZ located in the onshore block (KG-ONN-2003/1). Based on seismic 2D and 3D findings, the drilling campaign on this block was taken up earlier this year. The first two wells drilled in the region yielded no results. But the third well encountered a 200-metre thick section of tight sandstones with low porosity and permeability — indications of a reserve.

Cairn India discovers oil & gas reserve in KG basin - Economic Times

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This page contains a single entry by Viraj published on August 24, 2010 2:15 AM.

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Cairn India, ONGC rise after striking oil & gas in KG block - India Infoline.com is the next entry in this blog.

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