Niko Resources Ltd NKRSF

Interesting older article also regarding Hazira field

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Interesting older article from November 2016 also regarding “Hazira field»

Sun Oil among firms in talks to acquire GSPC’s Hazira field

Wed, Nov 23 2016

https://www.livemint.com/Industry/lBieKMrOaKvQImO4JGSXyJ/Sun-Oil-among-firms-in-talks-to-acquire-GSPCs-Hazira-field.html

Quote

«The Hazira field is part of 16 hydrocarbon producing assets in the Cambay basin in which GSPC holds stakes. In addition to Hazira, GSPC has also signed agreements to sell stakes in some other assets.
“Currently, the daily field production rate is in the range of 1,300-1,400 bopd (barrels of oil per day) for oil with 7-9 mmscfd (million standard cubic feet per day) of gas, out of which GSPC gets its share of 700-800 bopd of oil and 5-6 mmscfd,” GSPC said on its website.»
«In an emailed response, GSPC said, “Yes; Sun Oil & Gas and various other players have shown interest in acquiring stakes in various onshore fields in which GSPC has participating interest including the Hazira Field. The transaction is at pre-bidding stage; therefore, it is premature to comment on timelines. »

Niko Clarifies Article in Indian Press

https://sports.yahoo.com/news/niko-clarifies-article-indian-press-201743559.html

Sun Petrochemicals signs purchase agreement with Niko for Hazira field

https://www.business-standard.com/article/companies/sun-petrochemicals-signs-purchase-agreement-with-niko-for-hazira-field-116122200888_1.html

Dilip Shanghvi’s Sun Oil buys out Niko Resources stake in Hazira field

https://www.livemint.com/Industry/b6RPFzo1k2RuhsR8HdpMWL/Dilip-Shanghvis-Sun-Oil-and-Natural-Gas-buys-out-Niko-Resou.html