Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Cairn announces two new discoveries in Rajasthan block
BackBack

Cairn announces two new discoveries in Rajasthan block

Cairn announces two new discoveries in Rajasthan block

Premium

By PTI

New Delhi: Cairn India announced two new oil and gas discoveries on 10 May in its prolific Rajasthan block and said it has received a six-month extension from the Government for further exploration in the northern region of the block.

The discoveries were made in Kameshwari West-2 and Kameshwari West-3 wells, the company said. The Kameshwari West-2 discovery, located 12 km north west of the 2003 Kameshwari discovery and 56 km south of the giant Mangala field, encountered 18.2 metres of net oil pay.

The Kameshwari West-3 discovery is located 10.6 km to the north of Kameshwari West-2 and encountered up to 16 m of gas pay. Two DSTs were conducted and test results in the upper interval confirmed the presence of a gas pool, which flowed at approximately 75,000 standard cubic feet per day.

Cairn said Government has awarded the company a six month extension to the exploration phase of the Northern Appraisal Area (NAA) of the Rajasthan licence from May 2007.

“The extension will allow the company to carry out an appraisal programme to delineate and explore the full potential of the Northern Appraisal Area (NAA), which covers an area of 879 square kms. These discoveries have opened up a new play in the lower Dharvi Dungar sands on the western margin of the Rajasthan basin," the release said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 10 May 2007, 12:45 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App