Impressive numbers31 Aug 2018 12:03
NEW DELHI: Australia-based oil and gas explorer Oilex Ltd says its Cambay Basin block in Gujarat has been independently assessed to hold in-place natural gas reserves of 1.3 trillion cubic feet and 1.6 billion barrels of oil.
The discovered gross in-place reserves of the Cambay Basin block near the town of Khambat, 160 km South of Ahmedabad, have been independently evaluated by Netherland, Sewell and Associates Inc to hold 1.314 trillion cubic feet (tcf) of gas and 1.633 billion barrels of oil, the company said in a statement.
Of this, 484.7 billion cubic feet of gas and 83.3 million barrels of oil were deemed unrisked and recoverable. Oilex has drilled many wells in the Cambay field and had announced that an evaluation of these has concluded there are undiscovered gross in-place volumes of 12.644 tcf of gas and 11.592 billion barrels of oil.