Submitted for Jyoti-1 & Jyoti-2 oil discoveries in Block CB-ONN-2005/9
Mercator Petroleum (MPL), a Mercator Group Company, announced that Directorate General of Hydrocarbons (DGH) has approved the Field Development Plan (FDP) submitted by MPL for its Jyoti-1 & Jyoti-2 oil discoveries in Block CB-ONN-2005/9. DGH has approved the FDP for over 23 million barrels of recoverable Oil over the life of field.MPL is also gearing up to commence Extended Well Test (EWT)/ Trial Production at one of the wells in March 2018, as approved by DGH earlier. EWT will help MPL streamline operations prior to full-fledged production which is targeted to commence at the earliest.
As per earlier announced schedule, MPL is in process of commencing drilling in the Eighth exploratory well. Testing of already drilled well (Jyoti-6) is also underway.
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