Thursday, July 17, 2008

GSPC strikes major gas find in KG basin

Gujarat State Petroleum Corp. (GSPC) made a major gas find in Krishna Godavari Basin Block KG-OSN-2001/3.

The KG-22 well intercepted a 30-metre (90-ft) of pay and flowed between 23 to 27 MMcf/d of gas drilling earlier tests. GSPC is undertaking an extensive exploration drilling campaign in the NELP III block using four rigs, Saipem jackup Perro Negro 3, jackup Atwood Beacon, Sinvest jackup Deep Driller 1 and semisubmersible Essar Wildcat, which is presently undergoing repairs off Singapore. The operator owns 80 per cent of the offshore block, with partners GeoGlobal Resource and Jubilant Enpro holding the remaining 20 per cent.
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