Indian press

Cambay block-I: Oilex-GSPC combine plans upto $2.4 billion investment

Dec 29: Enthused by the discovery of gas in the well -- dubbed Cambay-77H -- in the Cambay block, the Oilex-GSPC combine, which owns the block, has drawn up a plan to invest upto $2.4 billion in the contract area.8The flow of gas from the well, Cambay-77H, has been registered at 1 million scf/day. The hydrocarbon gas to liquid ratio (LGR) has been worked out to around 100 barrels/mmscf.8The duo plans to drill between 100 to 200 wells at a cost which could come in the range of $800 million to $2.4 billion over a period of 10 years.8The production potential of the field is pegged between 75 million barrels of oil equivalent (boe) to 150 million boe over the 10-year period.8The field is likely to produce gas between 50 mmscf/day to 150 mmscf/day.8The revenue from the field is estimated between $3.8 billion to $7.6 billion over the 10-year tenure.
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Cambay block-II: Lessons drawn from Marcellus field to test proof of concept in India

Dec 29: The Oilex-GSPC combine has drawn lessons from the Marcellus shale gas fields in the US to test its proof of concept in India.8The duo believes that the experience of others will help it shorten the learning curve in the Cambay field.8However, even partial replication of the US experience would require immediate proactive and non-financial support from the government, the Oilex-GSPC consortium claims.8The operator, as of now, has successfully perforated, isolated and treated eight fractures in four stages in the Cambay field.8In future wells, it plans to have wider frac spacings to save on costs. The frac efficiency is expected to improve with more wells being drilled during the 10-year drilling programme.8In the immediate future, the Oilex-GSPC combine plans to put the well Cambay-77H, along with two other wells -- dubbed Cambay-73 and Bhandut-3 -- into production and sell gas and condensate.8In the longer term, the duo plans to drill more than 30 wells per year to achieve its drilling target.
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