Image Source: gnrl.in
Gujarat Natural Resources projects a 70-100 BOPD production increase from the Kanawara field, following successful drilling of three wells and planned hydraulic fracturing. Multi-rig operations and imminent drilling of the fourth well underscore the company’s aggressive growth focus and commitment to enhancing oil production capacity.
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Gujarat Natural Resources Limited (GNRL) has announced promising production growth prospects at its Kanawara oil field, with output expected to increase by 70 to 100 barrels of oil per day (BOPD). This optimistic forecast follows the successful completion of multiple development wells and the commencement of advanced drilling operations.
Key Highlights
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GNRL completed its third development well, KI3, encountering a 20-meter oil-bearing zone, with commercial production slated to begin in early October 2025.
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The company plans hydraulic fracturing (fracking) to optimize oil recovery from the new well, enhancing production efficiency.
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Drilling operations are expanding with two rigs operating simultaneously: one continuing work in Kanawara and another starting a 3,000-meter well in the North Kathana field.
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The fourth well drilling in Kanawara field is scheduled to start in early October 2025, indicating an aggressive growth strategy.
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Management emphasizes continuous updates, reflecting transparency and commitment to investors and stakeholders.
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This production growth will strengthen GNRL's position in the Indian upstream oil sector and contribute positively to its financial performance.
GNRL's ongoing exploration and development initiatives underscore its strategic focus on maximizing asset potential and increasing oil output amid a favorable market setup.
Source: Reuters, ScanX, Gujarat Natural Resources Ltd BSE Filings
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