Archive · 26 May 2025
ONGC Resumes Oil Production at PY-3 After 14 Years
Imagine an oil field called PY-3, located in the sea near Puducherry.
This field faced several problems, including repairs, contract issues, and disagreements between companies involved.
After being shut down for 14 years, it's now producing oil again!
The restart followed numerous challenges, including contract disputes and regulatory hurdles.
The joint venture with ONGC has finally restarted the operations.
The initial production was approximately 3,000 barrels per day, with a potential to reach up to 7,000 barrels per day.
ONGC's PY-3 offshore oilfield in the Cauvery basin has resumed production.
The field had been shut down for 14 years due to technical, contractual, and regulatory issues.
Production was initially stopped due to repairs and contract disputes.
Disagreements between partners led to arbitration proceedings, delaying the restart.
The field produced approximately 3,000 barrels per day before the shutdown.
- Who
- ONGC and joint venture partners
- What
- Resumption of production from PY-3 offshore oilfield
- When
- Production resumed after a 14-year shutdown
- Where
- Offshore oilfield in the Cauvery basin, 80 km south of Puducherry
- Why
- To contribute to India's energy security.
- Field Name
- PY-3 offshore oilfield
- Location
- Cauvery basin
- Shutdown Duration
- 14 years
- Initial Production
- 3,000 bpd
- Key Players
- ONGC, Hardy, Invenire Petrodyne
- Location
- 80 km south of Puducherry
