Monday, October 6, 2008

Gas shows in Reliance's GS01-M1 well

Mumbai, India: Reliance Industries recorded gas shows in its GS01-M1 exploration well.

The wildcat, which was drilled using Transocean semi submersible Actinia, displayed gas shows with heavier-end hydrocarbons while drilling was underway in the mid-Eocene target zone over a 20-metre (66-ft) interval. GS01-M1 was drilled to a total depth of 4,326 metres (14,193 ft) in the Gujarat-Saurashtra Basin GS01 block to explore the Oligocene and Eocene carbon targets. The middle Eocene carbonate could not be drilled in its entirety due to pressure limitations of the rig. Modular dynamic tester tests conducted were inconclusive and the joint venture was not able to conduct a conventional drill stem test to prove up the gas find. Reliance has plugged and abandoned the well with plans to continue with advanced processing of 3-D seismic and integrating the new drilling data to evaluate the M1 prospect. Meanwhile, Reliance is putting on hold plans to drill the GS01-B2 appraisal well as Actinia moves on to drill on Hardy Oil and Gas' PY3 block. GS01-B2 is designed to appraise a previous gas find, Dhirubhai-33, in the offshore block to determine the commercial feasibility of developing the discovery.
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