RIL discovers more gas off east coast

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New Delhi, Nov 7: Reliance Industries Ltd today said it has discovered more gas in one of its offshore blocks in the Krishna Godavari basin, off the east coast.

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

This shallow water block, with an area of 1100 sq kms, was awarded to the company under biding round of NELP-III. The company holds 100 per cent interest in this block, the statement added.

The well 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 m and was drilled to the target depth of 3,500 meters.

The company is currently evaluating the commerciality of this discovery, the statement further said.


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