Testing the waters:ONGC considers new well at UD-1
ONGC weighs up UD-1 appraisal
India’s Oil & Natural Gas Corporation (ONGC) is considering an appraisal well on the hyped-up UD-1 ultra deep-water exploration well in Block KG-DWN-98/2 off the country’s east coast.
Block partner Cairn Energy made a brief reference to the well in its results announcement yesterday.
"The UD-1 ultra deep-water exploration well...was spudded in late September 2006 in 2841 metres water depth after the acquisition and interpretation of an additional 255 km of 2D seismic data. The well encountered gas in a secondary objective and options for further appraisal are currently under consideration," Cairn said.
Indian media reported before Christmas that the UD-1 well was a huge discovery, having hit up to 30 metres of net gas pay in the secondary target.
Five exploration wells were drilled in this block between the third quarter of 2005 and the fourth quarter of 2006.
Two hit gas-bearing sands and the other three flowed gas during testing.
Owners of block KG-DWN-98/2 are operator ONGC (90%) and Cairn Energy (10%).