Hardy said that the exploratory well in the Krishna-Godavari basin was spudded at a water depth of 720 meters with a semi-submersible drilling rig. The well is targeted to drill to 2,959m to explore hydrocarbon prospects in the Pleistocene and Miocene formations.

Hardy, through its wholly owned subsidiary Hardy Exploration & Production India, holds a 10% participating interest in the Krishna-Godavari basin exploration license. Indian energy firm Reliance Industries is the operator and holds a 90% interest in the block.

The UK-based firm also successfully completed a well test on its Oza field in Nigeria. The test was carried out by Millenium Oil and Gas, operator of the Oza field. Hardy, through its wholly owned subsidiary Hardy Oil Nigeria, holds a 40% working interest in the Oza field and is the designated technical partner.