(Click to Enlarge)
Hindustan Oil reports that the PD-3-S well located offshore India in the Cauvery basin has encountered oil. The initial oil rate has been observed to be around 3000 bopd (Barrels of oil per day ) and will stabilize once the well is cleaned up. The drilling rig operations are currently in the process of being completed.
Hindustran Oil holds 21% non-operating participating interest in the PY-3 block.