Hydrocarbons Resources Development Co to drill 5 wells in Bantumilli area in Andhra Pradesh

Details: Category: Oil and Natural Gas Exploration

Hydrocarbons Resources Development Co to drill 5 wells in Bantumilli area in Krishna district of Andhra Pradesh. Total area of the block is 54.60 km2. Expected yield from each well will be 750 barrels/day of oil and or 80000 m2 /day of gas. Earlier ONGC has drilled two wells, which were abandoned. No forest land is involved. The block is located at a distance of 6 km from the coast. Land required will be 2 ha at each site. The total project cost is estimated at Rs. 452 million.