Cairn India reports new oil and gas discovery
22 December 2008
Cairn India, subsidiary of the UK-based Cairn Energy, has reported an oil and gas discovery near its existing Raageshwari field in Rajasthan.
The company said that the discovery was located approximately 1.5km east of the Raageshwari 1 well in the southern part of the Mangala, Aishwariya Raageshwari and Saraswati development area. The adjacent Raageshwari field has gone comercial and has an approved field development plan.
The new discovery was found in a well that was spudded on 21 November and reached total depth on 24 November.
The well encountered approximately 10 metres (m) of net oil pay from a gross column of 81m in sands in the Thumbli formation at at depth of 1,425 metres. The open hole drill stem test flowed 40 degree API oil at a stabilised rate of 500 barrels of oil per day plus 0.4 mmscfd gas on 64/64'' choke from a 4m Net pay interval in the Upper Thumbli Sand. In addition 1.4m of gas pay was identified in the Akli formation at 1247.8m MDBRT (1153.03m TVDSS).
''The success of this well on the eastern flank of the Raageshwari structure extends the productive reservoir in a new trapping style and proved a deeper oil column,"said Rahul Dhir, CEO, Cairn India.
Dhir added, "The well also demonstrates the potential for the addition of incremental reserves from the areas around the discoveries already made in the licence. Future work on the Raageshwari East 1/1Z discovery includes field studies to determine the extent of the discovery as well as evaluate cost effective development options.''
Cairn India is currently focused on exploration and production in India where it has a working interest in 14 blocks, two of which are producing hydrocarbons. The company holds material exploration and production positions in west India and east India along with new exploration rights elsewhere in India.
Cairn has made significant number of oil and gas discoveries, particularly the major oil discovery (Mangala) in Rajasthan in the north west of India at the beginning of 2004. More than 20 discoveries have been made in Rajasthan block RJ-ON-90/1.
