Niko chases oil in Hazira gas field off India

Niko Resources Ltd., Calgary, plans to further delineate a hefty oil pay zone at its Hazira gas field just off western India in the Cambay basin.The company said it has successfully tested the oil zone in five wells and can identify it on logs in nine wells in the field. It first encountered the zone in the A-2 appraisal well in 2002.The most recent penetration, Hazira OS-3, gauged oil at the rate of 6,000 b/d with 442 psi pressure on a 1.2 in. choke from a formation at 1,200 m.It is the third well drilled from the platform that was installed in July 2004 to develop portions of the even shallower Miocene-aged gas pays that could not be accessed from shore or from a 1.5-km causeway built f...

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