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Cairn Energy India Ptv Ltd, a whollyowned
subsidiary of Cairn India,
has struck oil at a well in block KGONN-
2003/1 in KG basin off the
coast of Andhra Pradesh. According
to the company, a flow of 75 bpd of
oil and 0.27 mcfpd of gas was
achieved during drill stem tests. The
well and test results are being evaluated
to assess the commercial
potential of the discovery and to
determine the future appraisal programme.
The company, with 49 per
cent stake, is the operator in the
block, while ONGC Ltd holds the
remaining 51 per cent participating
interest. Cairn was awarded the
block under NELP-V.
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