Cairn strikes pay in the Bay of Bengal

India

MUMBAI, September 14, 2018 – Cairn India has encountered hydrocarbons deposits in the KG-OSN-2009/3 licence in the Bay of Bengal offshore India, parent company Vedanta announced on Friday.

“A3-2 is the first exploration well drilled within the KG-OSN-2009/3 block,” the company statement said. “Multiple reservoir zones were encountered in the Mesozoic rift formation between the depths of 3,351-3,944 [metres] with indications of hydrocarbon[s] during drilling and formation evaluations. Downhole formation tester […] sampled oil and gas from the zones of interest.”

The news came weeks after Vedanta won 41 of 55 exploration blocks offered in India’s first Open Acreage Licensing round in late August.

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