Jubilant Receives Extension in Krishna Godavari Block

Jubilant Energy said that the management committee for the Krishna Godavari Block offshore India has recommended the grant of an extension to the existing contract area by 5,189 acres (20.5 square kilometers). The previously approved development area for the block is 4,201 acres (17 square kilometers).

The field development plan for Deen Dayal West area in Krishna Godavari block, which includes wells KG-8, KG-15, KG-17 and KG-28, was approved by Government of India in November, 2009. The hydrocarbon plays encountered in discovery wells KG-8 and KG-15 extend towards South/South West of the original block boundary.

Jubliant stated that this extended area will increase the existing 2P reserves and 2C resources for KG block. Jubilant holds a 10% participating interest in this block through its subsidiary Jubilant Offshore Drilling in India, while Gujarat State Petroleum Corporation Limited serves as operator of the block with an 80% interest.  

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Company: Jubilant Energy Ltd. more info
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