Jubilant Energy delivers successful results from Kharsang

Jubilant Energy, an India focused oil and gas company, has successfully tested and put on production KPL-B, the last well of the seven well Phase-III development drilling campaign in the oil producing Kharsang Field, Arunachal Pradesh, at an initial gross rate of 226 barrels of oil per day (bopd).

Jubilant Energy, an India focused oil and gas company, has successfully tested and put on production KPL-B, the last well of the seven well Phase-III development drilling campaign in the oil producing Kharsang Field, Arunachal Pradesh, at an initial gross rate of 226 barrels of oil per day (bopd).

In addition, another interval between 1,529 meters to 1,532 meters has also been tested and produced gas with flowing tubing head pressure at 425 pounds per square inch through a 7mm choke.

KPL-B was proposed as a step-out development well in the southern part of the Kharsang Field and was drilled to a depth of 1,557 metres.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

The share price rose 8.11% to 20p by 08:46.

NR