Hardy aiming to redevelop oil field offshore India

Offshore staff

LONDON – Hardy Oil and Gas has temporarily shut-in production from the PY-3 oil field in the Cauvery basin offshore eastern India.

The suspension will remain until Hardy receives approvals to award a contract for the lease of the floating production system (FPS) Tahara, which has been in service on the field. Once production resumes, the field should continue to produce more than 3,000 b/d of oil for the remainder of this year.

Hardy continues to work with all interested parties to finalize a full field redevelopment plan, designed to enhance production and ultimate recovery from the field in block CY-OS 9O/1. This will involve drilling additional wells and installing artificial lift facilities.

The operating committee has recommended drilling two further production wells and upgrading of equipment, including gas compression for gas lift and sales gas evacuation.

PY-3 is 80 km (49.7 mi) south of Pondicherry, in water depths varying from 40-450 m (131-1,476 ft). The license, operated by Hardy, covers 81 sq km (31 sq mi), and produces light crude (49° API). The field was initially developed using floating production facilities and subsea wellheads, a first offshore India.

Production is via the FPS Tahara, with the 65,000 dwt tanker Endeavor serving as an FSO. Four subsea wells are currently tied back to Tahara, including two water injectors.

08/25/2011



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