Hindustan Oil Says Vinayaka-1 a Duster

Hindustan Oil reports that the first exploration well Vinayaka-1 in Block CY-OSN-97/1 did not encounter hydrocarbons and Consortium has decided to plug and abandon the well. The Company has 80% participating interest in the block.

The drilling rig Aban VII shall move to PY-1 Gas Field to commence drilling of the first development well.

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