RIL makes new gas find in KG basin

  • 02/04/2008

  • Hindu

Continuing with its golden run, Mukesh Ambani owned Reliance Industries on Tuesday announced a second gas discovery in the Krishna Godavari basin block off the Andhra Pradesh coast. The discovery was made in the block KG-DWN-2003/1, which the company had won in the fifth round of auction under the New Exploration Licensing Policy, according to an official release by the company. It was only last month the company had informed the government that its earlier find in the block was assessed to be commercially viable for producing gas. The well KG-VD3-B1 (second well on the block) was drilled at a water depth of 711 metres, to a total depth of 2730 metres. Excellent qualities of reservoirs were encountered with gross hydrocarbon columns of around 111 metres,' the release said. The second discovery has been named Dhirubhai-41 and has been notified to the Petroleum and Natural Gas Ministry and the Directorate General of Hydrocarbons. The potential commercial interest of the discovery is being ascertained through more data gathering and analysis, it said. In February, Reliance made the first gas discovery in the same block and named it Dhirubhai-39 and the notification of potential commercial discovery was submitted to the Government and the DGH. Block KG-DWN-2003/1, which lies about 50 km off Machilipatnam in Andhra Pradesh, is in the same region as the prolific KG-D6 block, from where it plans to start producing 40 million standard cubic metres a day of gas later this year.