HOEC Updates on drilling progress of PY-1 gas field

Hindustan Oil Exploration Company Ltd (HOEC) has announced that the Company has as the Operator for PY-1 Contract area spud the first Development Well "Earth" in PY-1 gas Field.

The said well was drilled to a total depth of about 2351 meters (vertical depth of about 1646 meters). A well-test was performed on the well to establish that horizontal wells of this type could meet required rates under the PY-1 full field development. Initial results have confirmed satisfactory well deliverability.

The Company has 100% Participating Interest in the said field.

Source : Equity Bulls

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