The Hindustan Oil Exploration Company has completed drilling and testing of well SPD-1 located south of its Pramoda Oil Field in Block CB-ON-7, onshore Cambay Basin, India.
SPD-1 well has encountered hydrocarbon bearing sands. Testing of Hazad Formation sand resulted in flow of crude oil at an initial rate of 50m3/day (315 barrels per day) along with associated natural gas through 5 mm bean.
Company is the Operator of the Block CB-ON-7 and holds 50% participating interest during the exploration phase. Gujarat State Petroleum Corporation Limited and Oil and Natural Gas Corporation Limited (Licensee) are the consortium partners in the said Block.