Production push for Hardy at PY-3

By IAIN ESAU London

 27 August 2010 01:30 GMT

London-listed Hardy Oil & Gas has pencilled in $85 million worth of capital spending to boost 
production from its mature PY-3 oilfield off India.

Chief executive Yogeshwar Sharma said this expenditure would account for two infill wells that are due to be drilled on the field starting in the fourth quarter of next year.

At the same time, Hardy and its partners are looking to install gas compression and gas lift equipment on PY-3.

This new hardware could be installed in-situ on Aban 
Offshore’s Tahara floating production unit, which exports its oil to Prosafe Production’s Endeavor floating storage and offloading vessel.

Alternatively, Hardy could bring in a floating production, 
storage and offloading vessel 
that would host the new…

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