HOEC holds drilling meeting on 3rd July

Vol 10, PW 5 (29 Jun 06) News in Brief

Hindustan Oil Exploration is holding a pre-spud meeting on 3rd July in Chennai before drilling at its PY-1 gasfield and NELP-I block CY-OSN-97/1.

We hear the meeting will, be a brainstorming session involving the DGH, drilling contractor, logging contractor and others who are part of the project. HOEC will begin development drilling at PY-1 and exploration drilling at CY-OSN-97/1.

Aban Loyd Chiles jack-up rig Aban VII (formerly known as Rowan Texas) is scheduled on location on 23rd July. Expect the first well to be spud early August at CY-OSN-97/1.

Aban VII has been hired to drill a total of three firm wells. Two will be development wells at PY-1 and the third an exploration well at CY-OSN-97/1.

HOEC has 100% participating interest and operatorship at PY-1 and 80% participating interest and operatorship at CY-OSN-97/1, with the balance 20% held by US-based Mosbacher.