Produces
high quality “sweet” light crude (49° API)
Brought
on stream in November 1997
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:
.jpg)
