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Richa Mishra

New Delhi, Aug. 15 Reliance Industries Ltd (RIL) seems to have suffered a minor hiccup in its successful Cauvery asset.

Reliance was unable to complete the hydrocarbon testing in the second well drilled in its deepwater Cauvery block due to technical snags.

“While the company was able to finish the testing activity in the first well, in the second well it has suffered technical problems. It is a difficult task to test two wells at the same time. Besides, the testing rig was also not ready,” sources told Business Line.

Declining to further elaborate on the exact nature of the snag, sources said the company was still working on the results of hydrocarbon testing in the asset. The company plans to go back to the block CY-DWN-2001/2 (CY-D5) when deepwater rigs are available.

Industry experts say that it is not necessary that the company would go back to the same well.

It could carve out another area in the block based on its seismic surveys.

RIL, which is the operator of the CY-D5 block, had recently announced availability of hydrocarbon reserves in the asset.

Initially, it held 90 per cent participating interest, with Hardy Exploration & Production (India) Inc holding the rest. Subsequently, Hardy pulled out and RIL now holds 100 per cent interest in the block.

There are two zones in the block, in the first zone as per the initial tests RIL has found 550 barrels per day of oil and one million cubic ft per day of gas, while in the second it has found 31 million cubic ft per day of gas and 1,200 barrels per day of condensate.

The company has informed the Directorate-General of Hydrocarbons on the find.

More Stories on : Petroleum | Announcements | Reliance Industries Ltd

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