Interlink Petroleum - CMP 89

Interlink Petroleum Ltd has informed BSE that the Ministry of Petroleum and Natural Gas and the Directorate General of Hydrocarbons that it has made an oil discovery in its recently-drilled Baola-8 well. The well, which was spudded on the August 28, 2010, is located in IPL's small onshore Baola block, approximately 40 kilometres from the city of Ahmedabad, in Gujarat, India. The Baola block had been previously categorised primarily as a gas field.

Baola-8 well was drilled to a depth of 1009 meters and encountered the target Middle Eocene Oolite reservoir section of the Kalol Formation from 904.5 to 928 meters. Several hydrocarbon bearing sections were identified through, mud log and electric-line log evaluation, geochemical evaluation of side-wall cores and a preliminary testing of the interval 909-911 meters yielded heavy oil that flowed to surface under natural flow.

Initial estimates indicate the gross pay to be 23.5 meters with a net pay of 9 meters. Preliminary analyses indicate that the specific gravity of the oil is approximately 12o API. Further reservoir evaluation and a more extensive production testing program over the reservoir section of Baola-8 is expected in the near future to reassess these zones and to revisit other potential hydrocarbon bearing zones of interest, with a view to establish the reserves.

Source : Bseindia.com