Reliance finds another gas reservoir

Dec 31, 2002 01:00 AM

Reliance Industries is reported as having found another gas reservoir near its huge gas field discovery of two months ago offshore Andhra Pradesh in the Bay of Bengal. The latest discovery well, drilled by Transocean's drillship Discoverer 534 on the Krishna Godavari DWN 98/3 Block off Vishakapatnam, encountered significant gas.

The previous five wells on the block proved the 7 tcf gas field discovery and this sixth well, situated near the other five, tapped into several gas zones that have yet to be appraised.
Reliance, however, said the added gas reserves have the potential of permitting the company to revise upward its previous estimates on the block.

Reliance had announced in early December that it would be drilling approximately 25 developmental wells on the gas field, India's largest, in order to produce some 1.44 bn cfpd of natural gas.
The company is reported to be planning to invest about $ 800 mm in the development of the field.

Source: OGI
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