Reliance Recommences Drilling Offshore India
Hardy O&G announced the recommencement of drilling of the exploration well KGV-D3-W1, on the Company's KG-DWN-2003/1 (D3) exploration license.
The KGV-D3-W1 exploration well recommenced drilling on August 10, 2010 using the Transocean rig Discoverer 534 in a water depth of 1,653 m. The target depth of the well, which aims to explore the hydrocarbon potential of Mio-Pliocene sands, is 3,514 m MD.
The KGV-D3-W1 well, was spud on April 2, 2010 using the Transocean rig the Deepwater Expedition. The well had been suspended at the end of May 2010, at a depth of 2,608 m MD, due to an unresolved problem with the BOP control system of the Deepwater Expedition drilling rig.
The D3 license is located in the Krishna Godavari Basin on the East Coast of India and covers an area of approximately 3,288 km2. The Company holds a 10 percent participating interest in the block, with Reliance Industries Limited holding 90 percent as operator.
- OPEC's Output Curbs Squeeze World's Biggest Oil Refining Complex (Oct 16)
- India's Reliance Industries 2Q Profit Up 7%, Lags Estimates (Oct 13)
- India's Reliance Sells US Shale Asset for $126 Mln (Oct 06)
Company: Hardy Oil more info
- India's Reliance, Partners Abandon East Coast Oil and Gas Block (Dec 24)
- Hardy Wins India Court Decision over Ganesha-1 Discovery (Feb 04)
- Hardy In Talks to Increase Stake Offshore India (Jan 10)