Cairn Energy is reported to be preparing to commence its exploratory drilling campaign on its shallow water Palar Basin Block PR-OSN-2004/1 on India's east coast, part of which lies within the prohibited zone over which is the Satish Dhawan Space Center's flight path. Cairn has obtained permission from the various government agencies to proceed.
The company has completed its initial studies, including geotechnical and pore pressure surveys as well as a 3,000 km 2D seismic survey, which has been processed and interpreted. It is now expected to spud the first of three planned wells in April 2011, and to employ a jackup drilling rig capable of drilling to 20,000 ft.
The approximately 9,400 sq km shallow water and transition zone Block PR-OSN-2004/1 is operated by Cairn with 10% interest in partnership with Oil and Natural Gas Corporation (ONGC), with 35% interest, Tata Petrodyne with 30%, and Coal India Ltd with 25%.
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