Oilex says that Cambay-73 well continues to produce gas for the low pressure market in the immediate vicinity of the field at ~26 boepd with 100% availability. A temporary pipeline from Cambay-77H site to Cambay-73 production facility has been completed as part of a gas gathering system to assist in meeting market demand. Three legacy wells have been connected to this pipeline and provide additional gas to the low pressure market via the Cambay-73 production facility.

In addition, subsequent to the installation of a production tree and production tubing, Cambay-77H will be connected to the temporary pipeline to service the low pressure market via Cambay-73, without having to construct a dedicated low pressure production facility at the Cambay-77H site. It is estimated this will result in a saving of ~US$150K after eventually replacing the temporary pipeline with a permanent pipeline during 2016.

Preparation of the 5 well workover campaign is nearing completion and field work is anticipated to commence during September 2015. The workover campaign is targeting both oil and gas production which will make a contribution to generating operating cashflow to assist in the Indian operations becoming cashflow positive.

Tags: Oilex Ltd