Hardy Oil & Gas has begun negotiations to increase its interest in the GS-o1 exploration block located offshore the west coast of India.
“Hardy confirms that it is in negotiations with the block operator but no agreement has been made. Any such agreement would be subject to Government of India approval,” the company said in a statement.
The GS-01 exploration licence is located in the Gujarat- Saurashtra offshore basin off the west coast of India, north west of the prolific Bombay High oil field.
Hardy said it would make a further announcement, if appropriate, in due course.
Offshore Energy Today Staff, January 10, 2013