Drilling Suspension Due to Mechanical Issues Offshore India

The KGV-D3-W1 exploration well was temporarily suspended due to unresolved mechanical issues associated with the blow out preventer of the Deepwater Expedition drillship. The well was drilled to a depth of 2,608 meters MD where immediate casing was set. During this time, the operator was trying to resolve a problem with the control system of the drilling rig's BOP, however, the issue was unresolved so the well will be suspended. The well will be reentered using an alternative deepwater rig. Located in a water depth of 1,653 meters, the KGV-D3-W1 exploration well was designed to explore the hydrocarbon potential of Mio-Pliocene sands at a targeted depth of 3,514 MD. Reliance Industries operates the D3 license, holding a 90% interest, which is located in the Krishna Godavari Basin on the East Coast of India and spans approximately 812,482 acres (3,288 square kilometers). Hardy Oil owns the remaining interest.