Jubilant Energy spuds third well in Kharsang field drilling campaign

Oil and gas exploration company Jubilant Energy has reported that KPL-3E-6, the third of six wells in its Phase-III-Extension development drilling campaign, was spud on April 20th 2013.

Oil and gas exploration company Jubilant Energy has reported that KPL-3E-6, the third of six wells in its Phase-III-Extension development drilling campaign, was spud on April 20th 2013.

KPL-3E-6, which is based in the oil producing Kharsang Field in Arunachal Pradesh in northeast India, is planned to exploit untapped hydrocarbons in an infill area between wells KSG#11 and KSG#25.

The company further reported that the second development well of the current campaign, KSG#66 (previously known as KPL-3E-4), which was spudded on March 23rd 2013, was successfully drilled to a revised target depth of 1,128 meters measured depth and 1,047 metres true vertical depth on April 8th 2013.

Based on the results of wire-line log interpretation, drill cuttings and formation pressure data from the Reservoir Dynamic Tester, the company said that 12 potentially hydrocarbon bearing sands had been encountered in the well with a total net pay of 50.31m, out of which seven appeared to be oil bearing with a total net pay of 30.33m.

GeoEnpro Petroleum, a joint venture between GeoPetrol and Jubilant Enpro (a member of the wider Jubilant Bhartia Group), is the operator of the Kharsang Field.

Jubilant holds a 25% interest in the block through its subsidiary, Jubilant Energy (Kharsang) Pvt. Ltd. The other members of the consortium are Oil India Ltd. and GeoPetrol.

MF

Recommended

Which assets will benefit as the “jam tomorrow” bubble pops?
Investment strategy

Which assets will benefit as the “jam tomorrow” bubble pops?

With tech stocks, cryptocurrencies and many other “long duration” investments crashing hard, the “jam tomorrow” bubble looks to be bursting. John Step…
24 Jan 2022
Three innovative Asian stocks to buy now
Share tips

Three innovative Asian stocks to buy now

Professional investor Fay Ren of the Cerno Pacific Fund highlights three of her favourite Asian stocks to buy now
24 Jan 2022
Share tips of the week – 21 January
Share tips

Share tips of the week – 21 January

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
21 Jan 2022
Seven cheap defence stocks to buy now
Share tips

Seven cheap defence stocks to buy now

We’ve got used to a world without war between major powers, but that era is coming to an end as Russia threatens Ukraine and China eyes Taiwan. Buy de…
21 Jan 2022

Most Popular

Shareholder capitalism: why we must return power to listed companies’ ultimate owners
Investment strategy

Shareholder capitalism: why we must return power to listed companies’ ultimate owners

Under our system of shareholder capitalism it's not fund managers, it‘s the individual investors – the company's ultimate owners – who should be telli…
24 Jan 2022
Ask for a pay rise – everyone else is
Inflation

Ask for a pay rise – everyone else is

As inflation bites and the labour market remains tight, many of the nation's employees are asking for a pay rise. Merryn Somerset Webb explains why yo…
17 Jan 2022
Three innovative Asian stocks to buy now
Share tips

Three innovative Asian stocks to buy now

Professional investor Fay Ren of the Cerno Pacific Fund highlights three of her favourite Asian stocks to buy now
24 Jan 2022