Work to start on block in India's Assam-Arakan basin

The Assam government approved a petroleum exploration license on Block AA-ON/7 for Canoro Resources Ltd., Calgary.The action makes effective the production sharing contract that the Indian government issued in February 1999.The main oil and gas fairway of the Assam-Arakan basin trends through the 1,934 sq km block. Oil and gas fields there, including historic Dibgoi field, produce mainly from Miocene and Oligocene sandstones, which Canoro said are present on Block AA-ON/7.Canoro's Canadian consortium has a 65% working interest in and operates the block.The license enables the company to start operations on the block. The company will get access to the existing 5 wells, two of which te...

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