Schlumberger, Baker Hughes awarded key contracts for Cambay core analysis in India

4/21/2017

PERTH, Australia -- Oilex Ltd. has announced the award of two key contracts to Schlumberger and Baker Hughes as part of its 2017 work program at the Cambay PSC in India. Schlumberger and Baker Hughes will advise on the optimal well and stimulation design required to achieve potential commercial flowrates.

The Company has a significant multi-Tcf gas resource at the Cambay PSC, in the EP-IV tight siltstones, which requires drilling optimization and stimulation technologies to achieve commercial flowrates. Both Schlumberger and Baker Hughes are global leaders in the stimulation of tight gas reservoirs and their selection follows a competitive tender process.

Schlumberger has been appointed to provide geomechanical, fluid sensitivity and proppant embedment testing on the Cambay-23z core, along with their recommendations on future technical work. The data from these tests will be used to carry out the geomechanical modelling required for optimization studies.

Baker Hughes has been appointed to provide detailed geomechanical modelling to assess and recommend optimized drilling and stimulation solutions to maximize production from the EP-IV reservoir. In addition to providing a functional geomechanical model, Baker Hughes will provide specific recommendations on fluid chemistry and proppant optimization required for the stimulation of any future wells.

The studies have commenced and are anticipated to be completed within approximately three months. The analysis of the core from Cambay-23Z is essential in the planning of both future wells and the stimulation process at the Cambay PSC.

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