home page
         
Search the Site
 
     
 CY-OS/2
SUMMARY OF INTEREST OPERATIONS

MAPS
 

 
  Home
  Operations
  India
       PY-3
       CY-OS/2
       GS-01
       Block D9
       Block D3
 


Region Map
Region Map
 
  • Located in northern part of Cauvery Basin and covers approx 859 km2
  • Hardy owns 75% and is the operator of the exploration licence (GAIL - 25%)
  • Discovery - Fan-A well encountered multiple good sands with presence of hydrocarbons
  • Ganesha non-associated gas discovery
    Ongoing G&G studies undertaken to evaluate the Fan-A discovery
  • The Company has made submissions to the Directorate General of Hydrocarbons that supports our claim of entitlement to a licence extension to January 2012
  • Hardy appointed an arbitrator with arbitration proceedings expected shortly

The CY-OS/2 block is located in the northern part of the Cauvery Basin immediately offshore from Pondicherry and covers approximately 859 km2. HEPI is the operator of this block.

The CY-OS/2 licence comprises two retained areas. The northern area includes the Ganesha (Fan A -1) discovery. The southern area lies immediately adjacent to the HEPI-operated PY-3 field.
Another commercial gas field (PY-1) lies within the southern part of the acreage. The PY-1 field is owned by Hindustan Oil Exploration Company Limited and is expected to begin production in 2009. The PY-3 oil field and PY-1 gas field are both contained within the CY-OS/2 licence but have been ring-fenced out, each with a separate PSC.

Ganesha gas discovery (Fan A-1 well): On 8 January 2007 the Company announced that the Fan A-1 well had discovered hydrocarbons.

Participating Interests (%)
AREA HEPI GAIL
CY-OS/2 75 25
   
 
 

Hardy Oil and Gas plc © 2012