The company through its exploratory efforts has made its second hydrocarbon discovery in the onland KG Basin NELP VI Block: KG-ONN-2004/1 in the month of May 2018 at well Thanelanka-l in Andhra Pradesh.
Earlier, a gas discovery was made at well Dangeru -lin Andhra Pradesh in the block.
The well Thanelanka-1 is the first High Pressure - High Temperature (HP-HT) well drilled by the company and has encountered multiple sands in Gollapalli Formation of Late Jurassic-Early Cretaceous and one zone in Raghavapuram Formation of Intra Cretaceous.
On testing, the HP-HT zone in the depth range 4912-5159 m in Golapalli Formation produced gas at 1300 scmd through 16/64" bean choke. Presently, the well is under further testing.
At 11:50 hrs Oil India was quoting at Rs 210.60, up Rs 2.50, or 1.20 percent.
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Source:https://www.moneycontrol.com/news/business/oil-india-gains-1-on-hydrocarbon-discovery-in-kg-basin-andhra-pradesh-2634381.html
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