GSF 140 and DD-KG2 prepare to drill

Vol 19, PW 16 (21 Apr 16) News in Brief

Transocean rigs GSF 140 and DD-KG2 will soon be back in action on India's east coast.

Oil India is targeting May 10 to spud its first exploration well using GSF 140 at offshore Cauvery block CY-OSN-2009/2. GSF is scheduled to leave Gangavaram port on April 26 and after sea trials mobilise to well location LOC-4A in water depths of 400 metres.

During this 90-day, single-well drilling campaign, Oil India wants to reach 5600 metres TD targeting the Nannilam, Bhuvanagri and KT formations. Oil India hired GSF on November 6, 2015 at $158,000/day.

DD-KG2 meanwhile is expected to leave Gangavaram on April 30 to finish sea trials and mobilise for Reliance between May 15 and June 1 at the MA oilfield at KG-D6 to carry out two workovers over six months. The first is likely at well MA-4H in water depths of 1100 metres.

"Reliance might choose another well closer to mobilisation," says a source. Reliance might keep DD-KG2 for a third workover.

Still unclear is at what rate DD-KG2 has been re-hired. She was last working for Reliance till October 5, 2015 at $295,000/day.