Cairn completes drilling at KG-DWN-98/2

Vol 5, PW 21 (05 Dec 01) Exploration & Production
     

Cairn meanwhile has completed its initial exploration programme at the offshore Andhra Pradesh deepwater block KG-DWN-98/2.

On 28th November Cairn issued a statement to the London Stock Exchange sayingprospect 'Q' exploration well on Block KG-DWN-98/2 has been plugged and abandoned after reaching a total depth of 2,772 metres. "The well, which was not tested, encountered shallow reservoirs with seven metres of net hydrocarbon pay.

Initial interpretation suggests some of these reservoirs thicken laterally. Other deeper and thicker reservoir sands encountered were water bearing." Cairn said the first phase of exploration drilling on Block KG-DWN-98/2 is now complete and the drilling rig is being released.

"All of the results of the drilling programme in the Krishna Godavari Basin, which include the 'N' and Annapurna (prospect 'R') gas discoveries and the 'P' and 'M' oil discoveries, will now be calibrated with the existing 3D seismic, and fully evaluated prior to any further exploration and appraisal drilling." Adds Bill Gammell, Cairn CEO: The drilling of this well brings to an end a very successful initial exploration programme. We have now established a net reserve potential of at least 200m barrels of oil equivalent and are proceeding with initial conceptual development and gas marketing studies.

Cairn's last hydrocarbon discovery - the third in four months - on this block was announced on 31st October at prospect 'M'.