SME Times News Bureau | 25 May, 2013
Reliance Industries Ltd. (RIL) Friday announced a large natural gas discovery in the consortium's KG-D6 block offshore in Andhra Pradesh.
"Formation evaluation indicates a gross gas and condensate column in the well of about 155 metres in the Mesozoic reservoirs," RIL-BP said in a statement in Mumbai.
"The KGD6-MJ1 well was drilled in a water depth of 1,024 metres - and to a total depth of 4,509 metres."
The well was drilled to explore the prospectivity of a Mesozoic Synrift Clastic reservoir lying over 2,000 metres below the already producing reservoirs in the D1 and D3 gas fields, the statement added.
The well flowed 30.6 million standard cubic feet per day of gas during testing, while the discovery, named D-55, has been notified to the government. It is expected to add to the hydrocarbon resources in the KG D6 block.
RIL is the operator of KG-D6 block with 60 percent equity. Britain's BP has a 30 percent share and NIKO the remaining 10 percent.
