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Cambay

Markets

Oilex takes a loss

Oilex reported a $3.2million loss for the first half of final half of the year.

Oil & Gas

Oilex receives endorsement for sale of gas from Cambay-77H well

Oilex said it has received endorsement from the relevant authorities of the Government of India for the sale of gas from the Cambay-77H well. It follows the approval last year to sell gas from Cambay-73 and Bhandut-3. The appropriate production facilities for Cambay-77H will now be established and will initially connect the well to a low pressure pipeline grid to service the area.

Oil & Gas

Oilex hits commercial potential at Cambay field

Oilex has completed proof-of-concept objectives for the commercial development of the Cambay field in India. The company said initial the key field results from Cambay-77H flowback and production tests were encouraging. The sustained initial 24 hour rate during flowback was 2.03MMscfe/d, comprising 55% light oil with concurrent operations water production of 1,867bbls/d.

Oil & Gas

Oilex begins production tests at Cambay 77-H well

Oilex has started production tests on the Cambay-77H well in India. The company completed a five day shut-in period to stabilise the well after it underwent 85 days of flowback production. The well will now have a 300 hour flow period and a 300 hour shut-in period where the data will be recorded and monitored, which could be extended depending on the response.