.. Cy-osn-97/1

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25 Feb 2014
   UpstreamNelp-ICY-OSN-97/1

Summary

CY-OSN-97/1 exploration block is situated south of PY-I and PY-3 fields in offshore Cauvery Basin and lies in water depths of 10 - 110 meters. The Northern part of this block is the offshore extension of the currently producing onshore Nagapittinam Basin and is considered very prospective from hydrocarbon point of view. The block was originally awarded to the consortium of Mosbacher (PI-35%), HOEC (PI-30%) and Energy Equity of Australia (35%) under the first round of NELP. The Production Sharing Contract for the block was signed on January 8, 2001 with the Govt. of India and the Petroleum Exploration License was granted to the operator on March 16, 2001. Earlier, the activities in Phase-I could not be started because one of the then partn......

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