MARKETS

Oilex acquires 100% PI in Cambay Field

OILEX has taken full share of its Indian Cambay Field acreage after it picked up the 55% participating interest in the Indian Cambay Field previously held by NOC Gujarat State Petroleum Corporation.

Jonathon Davidson

File photo: Judge's Gavel

The transfer was approved by India's Ministry of Petroleum and Natural Gas in the last week. In December last year, an Indian court revoked a production ban preventing Oilex from developing product...

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