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Area of Operation
CY - OS-90/1Block (PY-3 field)
CB - OS/2 Block
CB - OS /1 Block
PR-OSN-2004 /1 Block
CY-OS-90/1 Block-(PY-3 Field)
The company holds 21% stake from this offshore field named PY-3 located in block CY-OS-90/1 (81sq. km. in area), in the Cauvery Basin, off the east coast of India, in water depths ranging from 40 to 380 meters. The other members of the Joint Venture include Hardy Exploration & Production (India), Inc., the field operator with 18% stake, Hindustan Oil Exploration Company Limited, with 21% and ONGC, with a 40% interest. The field has cumulatively produced 24.82 million barrels (MMBO) of crude oil till date. The field was shut fromJuly 2011 due to expiry of facility Contract and class certification owing to non-renewal of Floating Production Unit (FPU) contract by the Government. The JV having submitted a full field development Plan with a Peak oil production of around 9000 BOPD is striving to revive the field at the earliest.
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