The new deposits at Rajian oil field indicate that the area has much more recoverable reserves than earlier estimated. — File Photo
The discovery has resulted “into 100 per cent increase in oil production from this old field discovered in 1993”, the company announced.
The new deposits at Rajian well-5 were found at a place 1.7 kilometres to the northeast of Rajian well-1. The company said the earlier estimates of recoverable reserves made in 2006 were of 8.104 million barrels of oil. With the addition of production from Rajian-5, the field production has jumped to 2,400 barrels per day from 1,200 barrels.
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