The vertical well, which is expected to take approximately 25 days to drill, will be drilled to a total depth of 1,660m into the basement with the objective of discovering oil bearing sands in the Kopili, Sylhet, Tura and lower Gondwana reservoirs.
The joint venture is committed to drill six additional wells as part of the phase-1 production sharing contract (PSC) commitment.
The execution of the remaining work program will be finalized on obtaining forestry land approval for its remaining locations.
Previously, three wells were drilled by Oil & Natural Gas Corporation (ONGC) on this block, one of which had shows of oil and gas from multiple reservoirs.
Jubilant Securities Private Limited (JSPL), a company in the wider Jubilant Bhartia Group, also holds 35% participating interest in this block.
Jubilant, through its subsidiary, Jubilant Energy (Nelp-V), has entered into a business transfer agreement dated 1 April 2007 with JSPL for acquiring its entire stake in the block.
