Sandeep madhok shares the news jay polychem (india) discovers oil in gujarat’s cambay basin. Sandeep Madhok Jay Polychem, Jay Polychem, Sandeep Satinder Madhok, Jay Madhok

1. Jay Polychem
www.jaypolychem.com

2.  Petrochemicals distribution firm Jay Polychem (India)
has discovered oil near Ahmedabad in Gujarat’s
Cambay basin.
 The oil has been discovered in the initial well drilled
on the CB-ONN-2009/8 block in Cambay basin.

3.  Jay Polychem had drilled two wells since July 2013 and
identified huge oil pay zones in both the wells.
 “Jay Polychem had drilled two wells since July 2013 and
identified huge oil pay zones in both the wells.”

4.  The company owns 87% stake in the block CB-ONN-
2009/8 and the rest of the stake is held by Jay
Polychem Pte.
 Jay Polychem said that the discovery of an oil column
in the initial well in CB-ONN-2009/8 is encouraging
for the ongoing prospectivity of the block.

5.  The company said the discovery enhances their
understanding of the Olpad Play which extends over
the entire block and establishes hydrocarbon potential
of the various prospects in the block.

6.  The Cambay basin, which extends from Surat in the
south to Sanchor in the north, covers about 59,000km²
and features a hydrocarbon resource of over 15 billion
barrels.
 Jay Polychem secured the block in the eighth round of
bidding under New Exploration Licensing Policy.

7.  The 136km² CB-ONN-2009/8 was among the 13 onland
blocks, eight deepwater and 11 shallow water areas that
were awarded in 2010.

8.  Jay plans to drill five additional wells by the next
quarter and site for the new wells has already been
acquired and with development continuing.
 Source: http://www.hydrocarbons-
technology.com/news/newsjay-polychem-india-
discovers-oil-in-gujarats-cambay-basin-4419335