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Gas output from Hazira field to rise 40%
Ahmedabad, June 06: Gas output from Hazira field operated by Canada`s Niko Resources will rise by 40 per cent to 222 million cubic feet per day by April 2004, the majority partner in the project said on Friday.
Ahmedabad, June 06: Gas output from Hazira field operated by Canada's Niko Resources will rise by 40 per cent to 222 million cubic feet per day by April 2004, the majority partner in the project said on Friday.
Niko holds a 37 per cent stake in the project that has an estimated 742 billion cubic feet of gas reserves, while Gujarat State Petroleum Corp (GSPC) holds 67 per cent.
GSPC managing director D J Pandian said output would rise after drilling more wells in the project, which is near Surat.
"We expect the offshore platform to be ready by February 2004 and production from new six wells to begin next April," Pandian told reporters.
The field would also produce 1,500 barrels per day of crude oil in 2004. This could rise to about 5,000 bpd after a year, he said.
Bureau Report