Posted on 24 August 2013 by Priyanka Shrestha
An Indian private sector company and British firm BP have announced a new gas discovery off the east coast of India.
Located 62 kilometres from the coast in the Cauvery Basin, it is the second gas discovery in the deepwater block CY-DWN-2001/2.
Reliance Industries Limited (RIL), flagship company of Reliance Group – with businesses in the energy and materials value chain – conducted a drill test earlier this month to evaluate the potential of the discovery, with reports claiming it could produce as much as 15 million standard cubic metres of gas per day.
The firms said in a statement: “Preliminary evaluation of well data and fluid samples indicated presence of gas condensate in the reservoir interval with a gross column of 143 metres. The well… flowed gas at the rate of 35.2 million standard cubic feet per day with condensate at the rate of 413 barrels per day.”
RIL reported the first discovery in the Cauvery block six years ago. It is the operator with a 70% stake in whilst energy giant BP has a 30% share. The Government of India and the Directorate General of Hydrocarbons have been notified of the discovery.
The US Energy Information Administration’s (EIA) report last month predicted India and China could drive global energy usage.