Vedanta Ltd. announces that it had discovered oil in its Krishna Godavari basin block in the Bay of Bengal, it said in a statement that company had notified the Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an “oil discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India.”
The statement followed saying, “multiple reservoir zones were encountered in the well H2 within the Mesozoic sequence between the depths of 3,310 meters to 4,026 meters with hydrocarbon indications during drilling and downhole logging.”
The first exploration well A3-2 drilled in the block was a gas discovery. “Evaluations are ongoing based on the results of the first well A3-2 and the second well H2 to finalize the forward programme,” it added.
The KG basin is a proven basin where there have been many hydrocarbon discoveries. The company acquired around 1,000 square kilometers of 3D seismic data based on which it drilled two wells.
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