NEW DELHI: Vedanta Ltd publicly informed on Thursday that it has discovered natural gas in a Krishna Godavari basin. This gas block is located in the Bay of Bengal. While filing a regulatory, UK’s mining baron Anil Agarwal’s company which recently dissolved oil explorer Cairn India into itself, said it has notified the oil ministry and the upstream regulator Directorate General of Hydrocarbons (DGH) about the discovery in well A3-2 in block KG-OSN-2009/3.
“A3-2 is the first exploration well drilled within the KG-OSN-2009/3 block,” informed Vedanta. “Multiple reservoir zones were encountered in the Mesozoic rift formation between the depths of 3351-3944 meters with indications of hydrocarbon during drilling and formation evaluations.”
Vedanta holds 100 per cent participating interest in the block.
“Further appraisal will be required to assess the potential commerciality of this Mesozoic rift discovery,” the inorganic firm stated.