Reliance Industries announces shallow water block gas discovery in Krishna Basin
15 Jan 2008
Reliance Industries Ltd (RIL) has announced yet another discovery in exploratory block KG-OSN-2001/1 (KG-III-5) located in Krishna offshore basin in the east coast of India.
RIL says this is the third gas discovery in this block. The shallow water block KG-OSN-2001/1 (KG-III-05) located in the Krishna Basin, with an area of 1100 sq km, was awarded to RIL under bidding round of NELP-III. RIL holds 100 per cent participating interest in this block.
The well KG-III-05-J1 was drilled at a water depth of 151m and to a total depth of 2820m to explore the Miocene play fairways within the block and for further understanding of the Krishna basin.
The company encountered an clastic reservoir with gross hydrocarbon column of around 105 meters in the Miocene section. This zone has been confirmed through wire-line based technology called Reservoir Characterisation Imager (RCI). This discovery namely ''Dhirubhai - 38'' has been notified to the petroleum ministry and the directorate general of hydrocarbons.
RIL says this discovery further substantiates the hydrocarbon potential in this block, which is being evaluated for its commercial feasibility.