Oil & gas exploration & extraction
Status: Under Implementation
Promoter: Cairn India
Project: exploration of the KG-ONN-2003/1 block
Location: Andhra Pradesh.
Project Detail: The declaration of commerciality for the Nagayalanka discovery is currently under Management Committee review. The Field Development Plan (FDP) is being prepared and is expected to be submitted in FY 2015. The extended flow test on Nagayalanka-1z-ST appraisal well was completed in March 2014 and the maximum combined flow rate achieved was ~850 bopd. The well has contributed ~14,500 bbls of oil to the domestic oil output in FY 2014. The evaluation of the results are in progress with the objective of optimizing development. Drilling is on-going on the second appraisal well, Nagayalanka-NW-1, with a view to increase the resource base in the block.
Current Status: Work is progressing on rebuilding the Exploration portfolio including several additional exploration prospects within the block. Planning for 315 square km of 3D seismic data acquisition is underway and is expected to begin in Q4 FY 2015.