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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 - well encountered multiple good Ganesha sands with presence of hydrocarbons
  • Dispute resolution process ongoing regarding license extention

Licence block CY-OS/2 is located in the northern part of the Cauvery Basin immediately offshore from Pondicherry and covers approximately 859 km2. The CY-OS/2 licence comprises two retained areas. The northern area includes the Fan A-1 discovery and the southern area lies immediately adjacent to the HEPI operated PY-3 field. The PY-1 gas field, a separate ring-fenced licence, lies within the southern part of the acreage and commenced production in the third quarter of 2010.

Ganesha: On 8 January 2007, the Company announced that the Fan A-1 exploration well had discovered hydrocarbons. In August 2007, the Company announced that it would proceed to the appraisal phase of the Ganesha non-associated gas discovery to establish potential commerciality.

Participating Interests (%)

AREA HEPI GAIL
CY-OS/2 75* 25
 

* Subject to ONGC back-in resulting in reduction to 52.5%

 
 

Hardy Oil and Gas plc © 2012