OIL Unlocks New Gas Potential in Dandewala Field in Rajasthan

Oil India is glad to share that we have now got a modest but significant discovery in our nominated Dandewala Field in Rajasthan. The well recorded inflow of avg. 25000 SCMD of Natural Gas from a depth of ~ 950 meters plus, indicating encouraging deliverability and potential.

This marks the first-ever successful establishment of gas presence in the shallower Sanu Formation within the Dandewala field, thereby opening up a new play and validating our strategy of revisiting the subsurface potential through focused technical interventions and a "missed opportunities" approach.

Preliminary estimates, basis the structural control, petrophysical and subsurface analysis indicates a Gas In Place in the order of 75 MMSCM. This development notably enhances the overall prospectivity of the Dandewala field and augurs well for future appraisal and development efforts for guiding and scaling up the resource potential and production in the field.

Shares of Oil India Limited was last trading in BSE at Rs. 499.85 as compared to the previous close of Rs. 503.40. The total number of shares traded during the day was 56211 in over 1290 trades.

The stock hit an intraday high of Rs. 506.00 and intraday low of 498.50. The net turnover during the day was Rs. 28181898.00.

Source : Equity Bulls

Keywords

OilIndia INE274J01014 Discovery DandewalaField Rajasthan