Indian oil and gas company Reliance Industries has made an additional discovery in an exploratory block in the offshore Krishna Basin. The deepwater block awarded in India's NELP-V licensing round is situated 45km away from the coast and covers an area of 3288sqkm.
This is the second gas discovery in this block. Reliance Industries holds 90% participating interest (PI), while Hardy Exploration and Production India holds a 10% PI in the block.
The discovery well was drilled at a water depth of 711m, to a total depth of 2,730m. Reliance noted that high-quality reservoirs were encountered with gross hydrocarbon columns of around 111m.
The potential of the zones was evaluated through wire-line based technology called modular dynamic testing. The potential commercial interest of the discovery is reportedly being ascertained through more data gathering and analysis.
About 70% of this block is covered by 3D seismic survey and further prospect analysis is underway. This discovery has reportedly established a petroleum system in the block, the extent of which is being analyzed.