Videocon Industries has informed that Anadarko Petroleum Corporation in its Q3 Operations Report that the Wahoo-5 appraisal well in BM-C-30 Concession drilled the eastern flank of the Wahoo structure and encountered more than 200 net feet of high-quality pay in a pre-salt reservoir, with a total hydrocarbon column now established at 460 feet. Anadarko, through a wholly owned subsidiary, holds a 30-percent working interest and is the operator of BM-C-30. BP holds a 25-percent working interest, IBV Brasil (a Brazilian Joint Venture Company equally held by Videocon Energy Brazil , a wholly owned overseas subsidiary of Videocon, and BPRL Ventures N.V., a wholly owned subsidiary of Bharat Petroleum Corporation, a Government of India majority held company) holds 25-percent and Maersk holds the remaining 20-percent working interest.
Wahoo 5 Appraisal Well was spudded on June, 17 2013 using Blackford Dolphin Rig.
