REL announces new discovery of hydrocarbons in east coast blocks

Mumbai, Mar 13 (UNI) Index heavyweight Reliance Industries (REL) today informed the Bombay Stock Exchange(BSE) that the company has made new discoveries in the east coast blocks in the Godavari basin in Andhra Pradesh.

These are in the well KG-D6-P2 in block KG DWN 98/3 (KG D6), and in the well NEC 25 A5 in block NEC OSN 97/2 (NEC 25). The Company has successfully completed drilling of well KG-D6-P2, which was the forty-sixth exploratory well and the twenty-second exploratory well drilled in block KG DWN 98/3(KG D6).

This well lies in the extension 3D seismic area approximately 6 kilometers west of the earlier P1 natural gas discovery (Dhirubhai 23). The well encountered two gas-bearing zones. Both these zones are channel fan complexes. The data obtained from logging&Modular Dynamic Testing (MDT) corroborates the presence of hydrocarbons, REL disclosed.

This well has been notified to the DGH and the authorities concerned as a new discovery, christened Dhirubhai 31, which is the seventeenth discovery in this block, they said.

In addition to the above discovery, the Company announced yet another discovery in the well NEC 25-A5 which was the forty-seventh exploratory well, and seventh in the block NEC OSN 97/2 (NEC 25).

This well lies in the Mahanadi Basin approximately 12 kilometers northwest of the earlier natural gas discovery NEC25-A1 (Dhirubhai 9), REL informed.

Based on the evidence of data obtained from logging and Modular Dynamic Testing (MDT), the presence of hydrocarbons here is confirmed, the company stated.

This well has been notified to the DGH and the authorities concerned as a new discovery, namely Dhirubhai 32, which is the seventh discovery in this block.

The business potential of the above discoveries is currently under evaluation. These recent discoveries demonstrate the further upside potential of the blocks in the Krishna Godavari and Mahanadi Basins, REL added.

UNI