Reliance Industries, BP discover new gas in Cauvery basin

New Delhi: Reliance Industries and its UK-based partner British Petroleum have announced a new gas condensate discovery off the east coast in the Cauvery basin. The energy giant has notified the government and the Directorate
reliance industries bp discover new gas in...
India TV Business Desk August 23, 2013 11:01 IST
New Delhi: Reliance Industries and its UK-based partner British Petroleum have announced a new gas condensate discovery off the east coast in the Cauvery basin. The energy giant has notified the government and the Directorate General of Hydrocarbons about the discovery named, D-56.



The discovery, in the deepwater block CY-DWN-2001/2 (CYD5), is situated 62km from the coast in the Cauvery Basin and is the second gas discovery in the block.

RIL is the operator with 70% equity, while BP has a 30 per cent share.

“Well CYIII-D5-S1 was drilled in a water depth of 1,743 meters, to a total depth of 5,731 meters, with the primary objective of exploring Mesozoic-aged reservoirs,” the joint statement said

This is the second discovery by RIL after BP came on board in February 2011.
Related Tags: Reliance Industries
 
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