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Oil India commences drilling operations in Gabon, South Africa

02 Nov 2012 Evaluate

Country’s flagship explorer, Oil India, has commenced drilling operations in Gabon, South Africa for hydrocarbon exploration. The onshore block in Shakthi was obtained from the Gabon government for hydrocarbon exploration in April 2006 by OIL in collaboration with Indian Oil Corporation and Marvis, Singapore.

Further, as part of exploration activities, aeromagnetic and seismic surveys were carried out and two locations were released in Shakthi block for drilling in December 2011 by Gabon. Both these wells were stalked in deep forest with depth 3460 m and 3200 m, respectively.

Peers
Company Name CMP
ONGC 232.75
Oil India 477.00
Jindal Drilling&Inds 582.80
Deep Industries 734.55
Aban Offshore 14.20
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