Oil India (OIL) Confirms Natural Gas at Vijayapuram-3 Well
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOil India (OIL) has identified natural gas at its third exploration well, Vijayapuram-3, located in 355m of water in block AN-OSHP-2018/1. This marks gas discovery in two out of three wells drilled in the region. Testing at Vijayapuram-3 showed continuous flaring and immediate pressure build-up after perforation, indicating gas production. The company is currently conducting further gas sampling and analyses to inform future exploration activities. The exploration campaign has also included the completion of 600km² of 3D seismic data acquisition.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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