Reliance finds more gas in Krishna Godavari basinMumbai
17 Nov 2007
Mumbai: Reliance Industries Ltd 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," the company said in a statement.
The shallow water block was awarded to Reliance in third licensing round. Reliance holds 100 per cent interest in the block.
The well was drilled at water depth of 151 metres and was drilled to the target depth of 3,500 meters, it said.
In July, Reliance 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.