Reliance announces third gas discovery in KG block

Reliance Industries Limited (RIL) today announced its third successive gas discovery in the exploration block KG-DWN-2003/1 (KG-V-D3).

The block was awarded to RIL in the fifth round bidding under the new exploration policy (NELP-V), a company relesae said.

The deepwater block KG-DWN-2003/1 is located in the Krishna basin, about 45 km off the east coast in the Bay of Bengal. The block covers an area of 3,288 sq km.

RIL holds a 90 per cent participating interest (PI) and Hardy Exploration and Production India Inc holds 10 per cent of PI in the block.

RIL said the well, KGV-D3-R1, the third in this block, was drilled at a water depth of 1,982 metres and to a total measured depth of 4,113 metres.

The deepwater blocks with thicknesses of 4, 23 and 16 metres were encountered during drilling and, RIL said, it is assessing the potential of these through a wire-line based technology called Reservoir Characterisation Imager (RCI).