State-owned Bharat Petroleum
Corporation Ltd (BPCL) has said its partner Oil and Natural Gas
Corporation (ONGC) has found gas reserve in one of its oil blocks in
Tamil Nadu's Nagapattinam district.
The block is held jointly by ONGC...
and
Bharat Petroresources Ltd (BPRL), a subsidiary of BPCL. ONGC had
previously entered into an exploration partnership agreement with
BPCL for the Cauvery basin.
BPCL in a note to National Stock
Exchange (NSE) said the exploration well in the block - MD 5 - was
drilled down to a target depth of 2,175 metres and trapped natural
gas in the block flowed at a rate of 61,800 cubic meters per day.
It also showed the presence of
condensate (a form of volatile light oil) at the rate of 9.6 cubic
meters per day.
The discovery has been termed
Thirunagari Gas Discovery after the name of the nearby village where
the gas was found.
This is the second hydrocarbon
discovery made by ONGC in the NELP-IV block and the first one in this
block was made in October 2012, which established the presence of
crude oil.
These discoveries are exploratory in
nature and the two companies will be starting the appraisal to find
out the exact amount of reserves in the block. If found commercially
viable, production may start from MD 5.
BPRL has a 40 percent interest in the
block and the rest is held by ONGC.
No comments:
Post a Comment