Niko Resources has struck gas at
Hazira by drilling two onshore wells. Reserves are yet to be
estimated.
Meanwhile, the company is expected
to commence production of gas at Surat in the first half of 2004.
Niko has already drilled 14 wells of the committed 15 wells and
plans to drill six additional wells by April 2004 for achieving
the targeted production of 20-30 mmcf of gas for Surat field.
The company also reported progress
on its Hazira offshore platform.