Reliance Spuds KGV-D3-R1 Exploratory Well Offshore India
Hardy Oil and Gas reported that Reliance Industries has commenced drilling of the exploration well KGV-D3-R1 on the Company's KG-DWN-2003/1 (D3) exploration license.
The exploratory well KGV-D3-R1 commenced drilling on November 2, 2009, with the Transocean Deepwater Expedition, in water depth of approximately 1,964 m. The target depth of the KGV-D3-R1 well is 4,710 m MDRT to explore the hydrocarbon potential of various Miocene age sands. This well is part of the Company's ongoing exploration program in the Krishna Godavari Basin on the East Coast of India and the Company expects to drill three additional exploration wells on the block before the end of 2010.
The D3 license is located in the Krishna Godavari Basin on the East Coast of India, covers an area of approximately 3,288 km2 and provides for the drilling of a minimum of six exploration wells within the first exploration phase. The Company holds a 10 percent participating interest in the Reliance-operated exploration block. The first two exploratory wells (KGV-D3-A1 and KGV-D3-B1) resulted in gas discoveries (Dhirubhai 39 and 41) and are presently under appraisal.
Manages 53 Offshore Rigs
- Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount (Oct 18)
- Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B (Aug 15)
- Borr Drilling Signs Deal With Transocean to Buy 15 Rigs (Mar 20)
Company: Reliance Industries more info
- India's Reliance Declares 30pct Higher Refinery Capacity at Export Plant (Jan 17)
- 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)
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)