The company stated that its subsidiary GNRL Oil & Gas has been actively engaged in a drilling campaign to enhance production across various fields.
In the Allora, Dholasan, North Kathana, and Unawa Fields, the company’s initiatives included ongoing methodical Geological and Geophysical studies aimed at identifying potential drilling locations, enabling detailed planning for the upcoming drilling campaign.
Simultaneously, the company was conducting work over in existing wells to enhance production efficiency. Additionally, the firm’s focus for the fiscal year 2024-25 involved detailed 3D data interpretation to obtain accurate subsurface inferences, laying the groundwork for development drilling in these areas.
During the ongoing work over these operations, GNRL has achieved significant success in discovering new oil reservoirs in its Allora and Dholasan fields. As of now, a confirmed oil column exceeding 90 meters has been identified. Plans for further exploitation of these reserves are underway, contributing to the strengthening of GNRL's proven asset base.
The Allora Field is located east of the balol field and 8km Northwest of Meshana town, Gujarat India. Dholasan field falls in the Mehsana tectonic block of cambay basin.
"GNRL holds a 100 percent stake in these fields,” the company said in a statement.
Gujarat Natural Resources (GNRL) is an Indian Company with primary focus in upstream oil & gas sector in India. GNRL, through its step-down subsidiary GNRL Oil & Gas, has participating interests in 6 producing blocks in Cambay basin. GNRL Oil & Gas is also operator in five of these blocks.
The company had reported a consolidated net loss of Rs 3.01 crore in the quarter ended September 2023 as against net loss of Rs 1.19 crore during the previous quarter ended September 2022. Sales rose 136.49% to Rs 7.00 crore in Q2 FY24 over Q2 FY23.