Industries Ltd (RIL) has announced an oil discovery in the deepwater block KG-DWN-98/l
(KG-D4) located in the Krishna Basin.
company said that this is the first time an oil discovery has been made in the
Krishna deep-water basin for which RIL was awarded the block under the first round
of NELP bidding.
holds 100-per cent participating interest in this block, which spans over an area
of 8100sq km.
oil find in this exploration block marks a new beginning in this basin. The well
was located at a depth of 565 meters and was drilled to a target depth of 3595
meters. The well encountered elastic reservoir with gross oil column of more than
20 meters in the mesozoic section.
the drill stem testing (DST), the well flowed 596 barrels of oil per day. This
discovery, named ''Dhirubhai - 36'' has been notified to government of India and
the directorate general of hydrocarbons.
company said in a statement, "Encouraged by its earlier successes in the
Godavari and Cauvery deeper mesozoic plays, Reliance continued its exploration
effort in Krishna offshore."
oil discovery comes after nearly two decades of exploration history with, more
than 30 exploratory wells drilled by various operators in this geologically complex
basin. The potential commercial interest of the discovery is being ascertained
through integration of additional data and analysis.