• GAIL spuds 2nd exploratory well in Cambay Basin

    GAIL (India) Ltd has started drilling its second exploratory well as an operator in its New Exploration Licensing Policy – IX block at the Cambay Basin. “The well is situated in the Nabhoi village in Tarapur Tehsil of Anand District in Gujarat. The ‘spudding’ operations started on May 27. The first well was spud in this block on March 27. Drilling of a target depth of 2,200 meters of this well is scheduled to be completed in 30 to 35 days,” an official statement said.

    GAIL is the lead operator of the block with 25 per cent participating interest. Other partners in this block are Bharat Petro Resources Ltd, Engineers India Ltd, Monnet Ispat Energy Ltd and Bharat Forge Infrastructure Ltd. The consortium will drill eight exploratory wells in the initial exploration phase as per minimum work commitment of production sharing contract, the statement added. Zach Cunningham Jersey

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