Niko Resources to carry out exploratory Drilling in CY-ONN-2003/1, Cauvery Block

Details: Category: Oil and Natural Gas Exploration

Niko Resources to carry out exploratory Drilling in CY-ONN-2003/1, Cauvery Block in Tamil Nadu. The project envisages drilling of 5 exploratory wells at different depths between 1500 m and 3000 m depending on the geological conditions in the phase -1 in CY-ONN-2003/1, Cauvery Block in Tamilnadu. All the five wells falls within Nagapattinam district in Tamilnadu. Each of well drilling under phase -1 will require an area of 1.56 ha. The company will use only water based mud for drilling activity.The total project cost is estimated at Rs. 331.6 million.