Achanta block have been awarded to PFH OIL & GAS PL by Govt of India during marginal field DSF – 2016 round. The total allocated area of the block is 9.63 sq.km. This block is explored by ONGC in year 1993 but did not put into production as it was not economically viable for them.
ONGC have drilled one wells during exploration phase named as “Achanta – 1”in year 1993. Thereafter the wells were temporarily abandoned.
Achanta -1 was drilled to explore the upper cretaceous formation, palaeocene, Palakollu sand.