Reliance Industries discovery at KG Basin

Reliance Industries Ltd has announced that the Company has met with yet another success in KG-OSN-2001/1 (KG-III-5) located in the Krishna offshore basin in the east coast of India. The well (KGIII5-PI) is the second gas discovery in the Miocene clastics reservoir in the Krishna basin. This shallow water block, with an area of 1100 sq. kms, was awarded to the Company under biding round of NELP-III. The Company holds 100% participating interest in this block.

This well KGIII5-P1 was targeted with the objective of consolidating the Miocene play fairways in the block as well as in Krishna basin. The well was drilled at water depth of 151 m and was drilled to the target depth of 3500 meters. The well encountered clastic reservoir with gross hydrocarbon column of around 32 meters in Miocene section and 4 meters in Pliocene section. The two pay zones were established through wire-line based technology called Reservoir Characterisation Imager (RCI). This discovery namely "Dhirubhai - 37" has been notified to Government of India and Directorate General of Hydrocarbons.

The Company is currently evaluating the commerciality of this discovery.