NEW DELHI Nov 6 India's top private firm
Reliance Industries Ltd (RELI.BO) on Tuesday said it 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," it said in a
The shallow water block was awarded to Reliance in third
licensing round. Reliance holds 100 percent interest in the
The well was drilled at water depth of 151 metres and was
drilled to the target depth of 3500 meters, it said.
The firm has informed the upstream regulator about the gas
discovery. Reliance is evaluating the commerciality of this
discovery, it added.
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.
Reliance, which discovered India's largest gas field in the
KG basin in 2002, is spending about $5.2 billion to develop and
$3.5 billion to maintain production from its deep-sea gas