Reliance Discovers Gas in Krishna Basin

Indian oil and gas company Reliance Industries has announced a gas discovery in an exploratory block located in the Krishna offshore basin on the east coast of India. Reliance stated that this was the third gas discovery in the block.

The 1,100sqkm shallow water block was awarded to Reliance Industries (RIL) under India’s third New Exploration Licensing Policy bidding round. RIL holds a 100% participating interest in this block.

The well was drilled at a water depth of 151m and to a total depth of 2,820m. RIL said that during the drilling of this well a clastic reservoir was encountered with gross hydrocarbon column of around 105 meters.

The pay zone has reportedly been confirmed through a wire-line-based technology called reservoir characterization imaging. RIL said that the discovery further substantiates the hydrocarbon potential in the block. The company is currently evaluating the commercial aspect of the discovery.