Interlink Petroleum has planned to conduct testing of recently drilled well no. 2 in the Modhera field in Gujarat to be followed by well intervention at well no. 1 in the Modhera field and extended well test at well no. 8 in Baola field. The expected start date of well test at Modhera well no. 2 is August 01, 2011 and the expected total time for completing all the three operations is three months.
Earlier, last year in October, Interlink Petroleum had made an oil discovery in its recently-drilled Baola-8 well. The well, which was spudded on the August 28, 2010, is located in the company’s small onshore Baola block, approximately 40 kilometres from the city of Ahmedabad in Gujarat. The Baola block had been previously categorized primarily as a gas field.
Interlink Petroleum (IPL) has been engaged in the exploration and production of Oil & Gas. IPL was among the first few private sector companies to be awarded the rights to develop the Baola field in Gujarat. The Production Sharing Contract (PSC) for Baola was signed in 1995. This was followed, in 2001, by the award and signing of the PSC for Modhera field also located in Gujarat.
| Company Name | CMP |
|---|---|
| ONGC | 280.95 |
| Oil India | 456.55 |
| Jindal Drilling&Inds | 532.50 |
| Deep Industries | 454.00 |
| Asian Energy Service | 294.30 |
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