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Synergia Energy to Farm-Out 50pc Cambay Gas Field in India

Synergia Energy Ltd. said last week that it will start a formal farm-out process of up to 50% of the 1-trillion-cubic-feet Cambay gas-and-condensate field in India.

 

The oil-and-gas company – formerly known as Oilex Ltd. – said the decision was made given that it has established a fracking methodology suitable for a full-field development.

 

The Cambay field's current production contract is valid through 2029, it said.

 

The company said the field's C-77H well will be retested to determine the full potential of two newly fracked zones.

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