Oilex Ltd. is one step closer to achieving cash flow from Indian operation up in the Gujarat State.
The Australian upstream company announced it has completed pipelay construction at the Cambay-73 facility, with tie in to the production facilities nearing completion.
The Cambay-73 oil and gas production facilities have also finished pre-commissioning and are now ready for commissioning and start-up.
Cambay-73 well will supply gas to the domestic market in the vicinity of the Cambay field and is expected to produce approximately 50-60 b/d of gas and condensate. Production will commence within two weeks after commissioning.
The condensate will be separated at the field and trucked to a nearby refinery together with other Cambay crude oil produced.
Oilex’s managing director, Ron Miller said, “The commencement of gas production from the Cambay-73 facilities is a significant milestone for Oilex and marks the first step on the path to achieving positive cash flow from operations in India.”
According to Oilex, the Cambay basin covering 161sq km is the most significant component of the firm’s portfolio. The Cambay field project is a joint venture between Oilex, Gujarat State Petroleum Corp. (GSPC) and Niko Resources (Niko).
Image: Cambay field operation / Oilex
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week