RIL strikes new gas block in KG Basin

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New Delhi, Jan 14 (UNI) Mukesh Ambani-owned, Reliance Industries Ltd (RIL), today said it has discovered a gas block in exploratory block KG-OSN-2001/1 (KG-III-5), located in Krishna offshore basin in the east coast of India.

This is the third gas discovery in this block. The shallow water block KG-OSN-2001/1 (KG-III-05) is located in the Krishna Basin, with an area of 1,100 sq kms and was awarded to RIL under bidding round of NELP-III, said a statement.

The company has named this discovery as 'Dhirubhai-38' and has notified to Government of India and Directorate General of Hydrocarbons of the same.

''This discovery further substantiates the hydrocarbon potential in this block. RIL is currently evaluating the commerciality of this discovery,'' said the statement.

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