ONGC, Invenire JV revives PY-3 field in India with new plan
The PY-3 Field offshore Cauvery Basin resumed production on May 23, 2025 after being shut since 2011. Phase I of the Field Development Plan (FDP) involved well activation and subsea infrastructure installation. Phase II will focus on drilling and enhanced oil recovery. ONGC holds 50.63 per cent, Hardy Exploration 22.79 per cent, and Invenire 26.58 per cent.
The PY-3 Field offshore Cauvery Basin resumed production on May 23, 2025 after being shut since 2011.
Phase I of the Field Development Plan (FDP) involved well activation and subsea infrastructure installation.
Phase II will focus on drilling and enhanced oil recovery.
ONGC holds 50.63 per cent, Hardy Exploration 22.79 per cent, and Invenire 26.58 per cent.
