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Home > Business > PTI > Report

RIL ups KG basin gas find estimates

April 30, 2003 15:07 IST

Reliance Industries has upwardly revised the reserves of its recent gas find in Krishna Godavari basin to 10.45 trillion cubic feet.

Informing about another huge exploration success in block D6, 26 km off the Andhra coast, RIL told the government that its 8th exploration well (D6-D1) in the block encountered in excess of 100 meters of net gas pay.

"RIL has increased the estimate of initial in-place gas reserves for block D6 (KG-DWN-98/3) to 10.45 tcf. This updated in-place gas figure does not include volumes attributed to the last two wells (D1 and A2) but only the first six wells drilled on the block," sources said.

Degoyler & Macnaughton will integrate results of the last two wells for the final reserves certification report.

RIL had earlier put the in-place reserves at 9.46 tcf based on its four discoveries in the block - Dhirubhai-1, Dhirubhai-2, Dhibrubhai-3 and Dhirubhai-4.

Sources said RIL's current exploration programme has evaluated less than 16 per cent of the total D6 block area. A 2,500 square km 3D seismic survey will be shot in October

2003, which will provide the basis for a second exploration drilling campaign.



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