ONGC Videsh begins exploratory drilling in Bangladesh's Kanchan #1 well

The exploratory well is planned to be drilled to a depth of 4,200 metres and will be targeting two prospective formations; Kanchan #1 will be followed by drilling at two more locations

ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation Limited (ONGC), has drilled its first well in Bangladesh. A statement from OVL said that this well called Kanchan #1 has been spudded in Block SS04, Bangladesh, on Wednesday at Maheshkhali Island.

“This exploratory well is planned to be drilled to a depth of 4,200 metres and will be targeting two prospective formations. This well marks the beginning of exploratory drilling in Bangladesh by ONGC Videsh and will be followed by drilling at two more exploratory locations,” the statement said.

OVL in consortium with Oil India (OIL), was