Bad weather hits India field

Hardy Oil and Gas has shut down the PY-3 field off India's east coast due to a production equipment problem brought about by bad weather.

Co-venturer Hindustan Oil said production from PY-3 had been suspended due to the breakup of the crude oil import hose occasioned by bad weather conditions prevailing on the south east coast of India. UK-headquartered Hardy is hoping to restart production as soon as there is a weather window. Gross average daily oil production at PY-3 for the six months ended 30 June 2007 was 4948 barrels per day compared to 5913 bpd in the same six months last year. The field is located off the east coast of India in the Cauvery basin with water depths ranging from 40 metres to 200 metres. The project interests in PY-3 are operator Hardy (18%), Tata (21%), Hindustan Oil (21%) and Oil and Natural Gas Corporation (40%).
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