Energy conglomerate Reliance Industries and its partner BP Plc said that they have made a second deep-water gas condensate discovery in the Cauvery basin, off the east coast.
The discovery in the Block CY-DWN-201/2, which lies 62 km from the coast, is being termed as significant as about 1 million standard cubic metres per day of gas has been flowing out of the well since August 17, when the discovery was made.
This is the second discovery RIL, which holds 70% interest in the block, has made. In 2007, it had made the Dhirubhai-35 (D-35) gas discovery, which the oil ministry’s technical adviser, the DGH had termed as not viable at the current gas price of $4.2 per million British thermal unit.
The block CYDWN-2001/2 is situated in the Cauvery basin, which is located on the eastern flank of peninsular India, in Tamil Nadu, along the Palk Strait and Coromandel coast.
According to the companies, the well flowed gas at the rate of 35.2 million standard cubic feet per day.
The discovery in the Block CY-DWN-201/2, which lies 62 km from the coast, is being termed as significant as about 1 million standard cubic metres per day of gas has been flowing out of the well since August 17, when the discovery was made.
This is the second discovery RIL, which holds 70% interest in the block, has made. In 2007, it had made the Dhirubhai-35 (D-35) gas discovery, which the oil ministry’s technical adviser, the DGH had termed as not viable at the current gas price of $4.2 per million British thermal unit.
The block CYDWN-2001/2 is situated in the Cauvery basin, which is located on the eastern flank of peninsular India, in Tamil Nadu, along the Palk Strait and Coromandel coast.
According to the companies, the well flowed gas at the rate of 35.2 million standard cubic feet per day.
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