28th Oct 2013 12:04
LONDON (Alliance News) - Oilex Ltd Monday said its joint venture representatives have completed technical evaluation of key items in preparation for drilling its Cambay-77H tight hydrocarbon project in India.
The exploration-and-development oil company said its drill rig and associated services along with its four and a half inch tubular casings have been evaluated and approved by its joint venture partners at the site.
The company said it has ordered the tubular casings and expects delivery to the site during December 2013.
Oilex also said it has received multiple bids to provide a drill rig and associated services along with fracture services equipment at the site.
Oilex shares were down 0.4% to 3.11 pence Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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