Oilex Mulls Commercialising Gujarat Gas Well

Oilex Ltd, along with joint venture partner GSPC,  is looking to commercialise its Bhandut-3 located in the Indian state of Gujarat.

The company just concluded the final report related to an isochronal gas production test at Bhandut-3 undertaken earlier in the year as part of the approved work programme and budget.

Bhandut-3 flowed at a maximum rate of 6.5MMscfd.

Subsequent to the Government of India’s recent announcement about increasing the base domestic gas price to stimulate additional investment in indigenous gas supplies, a number of interested parties have approached the Bhandut Joint Venture about purchasing gas from Bhandut-3, Oilex said.

The isochronal test results have been useful in supporting ongoing discussions related to the sale of gas, it added.