GSPC Discovers Huge Gas Reserve Worth $100B in KG-22

GeoGlobal Resources Inc. has reported that the Gujarat State Petroleum Corporation, the operator of the exploration block Krishna Godavari Basin Block KG-OSN-2001/3, has successfully tested 17 meters of perforations across the interval depth from 4,652 to 4, 672 meters total measured depth in the KG-22 well, and has made a discovery of a huge gas reserve of more than 600 billion cubic meters of gas.

"The discovery is worth US$100 billion," said Gujarat Chief Minister Narendra Modi.

As previously announced, drilling of the KG-22 well commenced on August 27, 2007 using the Deep Driller 1 jackup rig. The surface location of the KG-22 well is approximately 7.5 kilometers northeast of the KG-8 well discovery in shallow waters of approximately 91 meters in depth. The KG-22 ST-2 (Side-track #2) was cased with a 7 inch liner to approximately 5,616 meters MD in an 8-1/2 inch hole, and further drilled to 6,007 meters MD as a 5-7/8 inch hole. The KG-22 ST-2 was subsequently plugged back up to 5,600 meters MD to prepare the well for testing. On May 19, 2008 the KG-22 well commenced a testing program for testing reservoir intervals in the 7 inch liner.
GSPC, which spent 470 million U.S. dollars on drilling 10 wells in a 120 sq km offshore area so far, plans to dig five more wells. It had began drilling in July 2004 after acquiring 3-D seismic data, according to Gujarat's Chief Minister.
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Web Developer
Expertise: IT - Programming & Database|IT - Software Development|Software Specialist
Location: Houston, TX
Operations Supervisor - Hobbs, NM Job
Expertise: Asset Management|Operations Management|Refinery / Plant Operations Supervisor
Location: Hobbs, NM
Entry Level Geologist
Expertise: Geologist
Location: Portland, OR
search for more jobs

Brent Crude Oil : $49.71/BBL 1.50%
Light Crude Oil : $48.7/BBL 2.05%
Natural Gas : $3.11/MMBtu 12.68%
Updated in last 24 hours