ONGC wastes $152m on single well
Absurdly poor planning by ONGC has resulted in the waste of Rs1000cr ($152m) on drilling a shallow water exploration well only to abandon it without testing, according to contractors involved in the job.
ONGC plugged and abandoned well YS-6-2 at the Yanam PEL off Andhra Pradesh in October. Jack-up Aban-II spud the sidetrack 're-entry' well in water depths of 18 metres on September 24, 2014 and drilled it to 5210 metres by October 20, 2015.
ONGC released Aban-II on October 22. “Despite hydrocarbon indications the well wasn't tested because of poor planning,” says a source.
“ONGC didn’t have the necessary services available. This is the second time it entered this well.
" First drilled in 2012, an ONGC officer overseeing the PEL said the well couldn't be tested because of problems while drilling. "In 2012 we selected 12 objects of interest," he said.
"This time (September 2014) we sidetracked the well for re-entry but faced complications. Even the casing parted (broke) so we abandoned the well.
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