RIL strikes gas in Sau'shtra and makes new KG find
Reliance Industries Ltd. (RIL) has made two natural gas discoveries on the east and west coast adding to the vast
hydrocarbon reserves it has found in the past few years.
Reliance made its 18th discovery in the prolific KG-D6 block (KG-DWN-98/3) in the Krishna Godavari (KG) Basin off the
east coast, when well KG-D6-R1 encountered two gas-bearing zones.
The company is the operator of the block with 90 % interest, while Niko Resources of Canada holds the remaining 10 %.
The block is estimated to hold in-place reserves of around 50 tcf and oil reserves of 1 bn barrels.
The Mukesh Ambani-run firm plans to begin gas production from first two of the discoveries made in the block, that
was awarded in the first round of bidding under New Exploration Licensing Policy (NELP), in the second half of 2008.
Reliance also discovered natural gas and condensate in the block GS-OSN-97/1 off the west coast in Gujarat-Saurashtra
basin. GS01-B1 well flowed 18.6 mm cfpd of gas together with 415 bpd of condensate, the release said.
Reliance is the operator of the block with 90 % interest, while Hardy Exploration of UK has the remaining 10 %.
