RIL finds more gas in KG basin

New Delhi, Nov 6 (UNI) Reliance Industries Ltd (RIL) today said it has found more gas in one of its offshore blocks in the Krishna Godavari basin, off the east coast.

''The well (KGIII5-P1) is the second gas discovery in the Miocene clastics reservoir in the Krishna basin,'' company said in a statement.

The company has notified the Directorate General of Hydrocarbon (DGH) about the gas discovery in KG-OSN-2001/1 (KG-III-5) block.

The discovery has been named 'Dhirubhai-37'.

The notification was made in terms of the production sharing contract signed between RIL and the Government.

A company press statement said the potential commercial interest of the discovery was yet to be established.

The shallow water block, with an area of 1100 sq kms, was awarded to RIL under biding round of NELP-III. It holds 100 per cent participating interest in this block.

The well KGIII5-P1 was targeted with the objective of consolidating the Miocene play fairways in the block as well as in Krishna basin.

The well was drilled at water depth of 151 meters and was drilled to the target depth of 3500 meters. The well encountered clastic reservoir with gross hydrocarbon column of around 32 meters in Miocene section and 4 meters in Pliocene section.

The company in July found oil and gas in a block in the nearby Cauvery basin and said it had a flow rate of 1,000 bpd of oil and 30 million cubic feet of gas.

UNI