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India’s RIL & BP announce huge natural gas dicovery
May 25, 2013, 5:18 am

[Getty Images]

BP and Reliance Industries formed a partnership in 2011 [Getty Images]

India’s Reliance Industries (RIL) on Friday announced a huge natural gas discovery, possibly the biggest find ever, in the flagging eastern offshore KG-D6 block that will be the key to arresting falling output.

RIL and its partner British Petroleum (BP plc) encountered 155 metres of gas pay zone in the first exploration well drilled on the block in more than five years.

The well was drilled two kilometres below the existing producing D1&D3 fields.

“The KGD6-MJ1 well was drilled in a water depth of 1,024 metres — and to a total depth of 4,509 metres (4.5 kilometres below seabed),” RIL-BP said in a statement.

Though RIL-BP did not put any reserves to the discovery, the find may possibly be the largest single discovery in the country.

The discovery, which was notified to the regulatory authorities on Friday afternoon, has been named D-55.

While RIL is the operator of KG-D6 block with 60 per cent interest, UK’s BP Plc holds 30 per cent and Niko has the remaining 10 per cent.

BP India head Sashi Mukundan, “This is a great example where BP, Reliance and the Government of India have worked together as a partnership to make this possible. We brought our process and discipline to explore this prospect in the deep water basin in India.”

Source: Agencies