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OIL has spare gas in Rajasthan but doesn't know how much
Dec 21: OIL has done some sustained drilling and workover campaigns in its Rajsathan gas fields. As a consequence gas production has gone up.
8Output is now more than 1 mmscmd and OIL is looking for buyers
8But OIL already has a GSPA with a buyer for 0.7 MMSCMD though offtake is lower
8The problem with a new buyer is he does not really know how much gas he will get on a regular basis, even though OIL claims there will be around 0.45 to 0.55 mmscmd available because the current offtaker has been under performing on its commitment
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