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 PY-3
SUMMARY OF INTEREST PRODUCTION AND OPERATION MAPS

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   PY-3
 
   CY-OS/2
 
   GS-01
     AS-ONN-2000/1
     Block D9
     Block D3
  Nigeria
     Atala
     Oza

 
 
 

bullet 18% ownership by Hardy
bullet Deepest producing sub sea field in India
bullet Produces high quality “sweet” light crude (49° API)
bullet Brought on stream in November 1997
bullet Implemented water flood in 2003 to enhance recovery


This field, operated by HEPI, is located off the east coast of India some 80 km south of Pondicherry in water depths of between 40 and 200 m. The Cauvery basin developed in the late Jurassic/early Cretaceous period, and straddles the present-day east coast of India.

The licence, which covers some 81 km2, is currently the deepest producing subsea field in India and produces oil of high quality light crude (49° API). The field was developed using floating production facilities and subsea wellheads, a first for an offshore field in India.

The PY-3 offshore oilfield was discovered on licence CY-0S 90/1 by ONGC in 1988 and, as a result of the
development programme instituted by HEPI, was brought into production in November 1997.


HEPI is the Operator of the PY-3 field, and is party to a PSC together with ONGC, TATA and HOEC. The
participating interests (per cent.) for this licence are as follows:

Participating Interests (%)

Area HEPI TATA HOEC ONGC
PY-3 18 21 21 40
 

© Copyright 2005 Hardy Oil and Gas plc