Business Update8 Aug 2025, 01:10 pm
Gujarat Natural Resources Ltd: Successful Completion of Two Wells, Third Well Drilling Commenced
AI Summary
Gujarat Natural Resources Ltd (GNRL) and its step-down subsidiary, GNRL Oil & Gas Limited (GOGL), have successfully completed drilling of two wells, both of which are currently under commercial production. The field production has reached approximately 400 barrels of oil equivalent (BoE) per day. Following a one-month monsoon break, drilling of the third well has commenced and has currently reached a depth of 730 metres. The well is expected to be completed by 20th August 2025. Additionally, GNRL has contracted a higher-capacity drilling rig for the planned drilling of a 3,000-metre well in its 100% owned North Kathana field. Drilling operations at this site are expected to commence in the last week of August 2025.
Key Highlights
- GNRL and GOGL have successfully completed drilling of two wells under commercial production with a field production of 400 BoE per day.
- Drilling of the third well has commenced and is expected to be completed by 20th August 2025.
- GNRL has contracted a higher-capacity drilling rig for the planned drilling of a 3,000-metre well in its 100% owned North Kathana field.
- Drilling operations at the North Kathana field are expected to commence in the last week of August 2025.