Reliance Industries Discovers More Gas in Krishna Basin

Reliance Industries has drilled another successful well in KG-OSN-2001/1 (KG-III-5) located in the Krishna offshore basin on the eastern Indian coast. The well (KGIII5-PI) is the second gas discovery in the Miocene clastics reservoir in the Krishna basin.

The Company was awarded this 1,100 square kilometer shallow water block in the NELP-III licensing round. Reliance holds a 100% participating interest in the block.

This well KGIII5-P1 was targeted with the objective of consolidating the Miocene play fairways in the block as well as in Krishna basin. The well was drilled in 151 meters of water and with a target depth of 3,500 meters by Transocean's semisub, Actinia. The well encountered clastic reservoir with gross hydrocarbon column of approximately 32 meters in Miocene section and 4 meters in Pliocene section. The two pay zones were established through wire-line based technology called Reservoir Characterization Imager (RCI).

The discovery has been named Dhirubhai – 37. The Directorate General of Hydrocarbons and the Government of India have been notified of the discovery which is currently undergoing evaluation to determine commerciality.

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