CAIRN India, 65%-owned by Scottish oil and gas operator Cairn Energy, said yesterday it had made another oil and gas discovery in Rajasthan, north-west India, adjacent to its Raageshwari field, which has an approved field-development plan.
It said the Raageshwari East 1/1Z well encountered about 33 feet of net oil pay and on test had flowed at a rate of 500 barrels of oil per day plus 400,000 cubic feet of gas. Cairn has made more than 20 finds in the area.
Cairn India chief executive Rahul Dhir said: “The success of this well extends the productive reservoir. The well also demonstrates the potential for the addition of incremental reserves from the areas around discoveries already made in the licence.”
Meanwhile, Bowleven, the Edinburgh-based oil and gas explorer which focuses on Africa, said that, as planned, it had signed a production sharing contract (PSC) covering the entire Etinde Permit, offshore Cameroon.
The PSC, which includes a further three-year exploration phase starting from the date of signature, was signed at a ceremony in Yaounde, Cameroon.
Engineering and construction company Subsea 7 has launched and installed its 60th pipeline bundle, for BP’s Machar field in the central North Sea.
Subsea 7 was awarded the £14.7million fast-track contract earlier this year. The project was managed and engineered from Subsea 7’s offices in Aberdeen, with bundle fabrication undertaken at its Wester base near Wick.