After testing operations, the company will begin fracture stimulation to increase the gas-flow potential.
During the past week, a wireline logging program and a drill stem test over the Eocene EP IV primary objective was completed.
According to Oilex, the wireline logs show the EP IV is gas bearing although no flow has yet been established.
As operator, Oilex holds 30% of the Cambay production-sharing contract, Oilex NL Holdings India has 15%, and Gujarat State Petroleum Corporation has 55 %.
Meanwhile, the recently spudded Alyanbou-1 wildcat well in Oman's Block 56 is expected to reach total depth of about 1630m in late May.
Alyanbou-1 is the third well in the first phase of the exploration drilling program and has an estimated resource potential of 10-375 million barrels of oil in place.
As operator, Oman Oilex holds 25% of Block 56, while partners Videocon Industries and GAIL each have 25%, and Hindustan Petroleum and Bharat Petroleum each have a 12.5% stake.
