Hindustan Oil Exploration Co is taking up an Offshore drilling project in PY-1 block, Cauvery Basin. As per the development plan, it is proposed to drill 3 development wells and 2 exploratory wells in the PY-1 Offshore Block in Cauvery Basin off the Coast of Tamil Nadu in the Bay of Bengal. The PY-1 Block is 75 sq. km. in Bay of Bengal where water depth ranges from 40 m – 250 m and will be located 18 km from Porto Novo and 25 km from Cuddalore. Desalination plant will be installed on the rig to treat the Sea water and additional water requirement will be procured from the town through supply vessels. Water Based Mud (WBM) for top and reservoir sections and Synthetic Based Mud (SBM) for other sections will be used. The project is estimated to cost Rs. 2,610 million. As of July 2006, the project has obtained clearance from ministry of environment and forests.
Hindustan Oil Exploration Co Ltd, “Lakshmi Chambers”, 192, St. Mary’s Road, R. A Puram Chennai -600028. Tel: 55229000 Fax: 55229011/55229012