Vol 3, PW 5 (31 Mar 99) News in Brief

ONGC is expected to drill a third deepwater well in the Krishna Godavari basin sometime this week.

A source at ONGC, MRBC, tells this report the Sagar Vijay drillship is encountering strong water currents which are delaying spudding of the well. ONGC has tentatively named the well location as G1AA.

It sits in 260 metres of water. The targeted drilling depth is 2510 metres.

This is the third well being drilled on the eastern coast. The earlier two proved to be dry.

A source in Mumbai tells this report the Sagar Vijay will move to the Bombay offshore after Krishna Godavari.