Oilex to Bring Into Production Three Gas Wells in India This Year

Oilex will bring into production three wells in two separate fields in Gujarat, India in 2015, the company said in its quarterly report last week.

Cambay-73 will come into production this month; Bhandut-3 production expected to commence in July and Cambay-77 production will start in August, Oilex said.

Oilex will recommence gas production in Cambay field for the first time since early 1990’s.

"Production from these wells will be a substantial step towards cash positive operations in India for the company as a result of the strong gas demand and associated robust gas price structure,” it said.

The company late last month said it has completed the Cambay-73 oil and gas production facilities in India’s Gujarat state on budget and ahead of schedule. Construction of the pipeline has commenced and it is expected to be at site ready for connection to the production facilities during May 2015 which will enable final commissioning to be completed, the company said.

Cambay-73 will supply gas to a low pressure gas market in the vicinity of the Cambay field and is expected to produce approx. 50-60 boepd of gas and condensate.