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New Delhi, Feb. 14 Jubilant Energy, part of the Jubilant Group, on Thursday announced an oil and gas discovery in a Cauvery basin block off the Tamil Nadu coast. According to a statement issued by the company, the discovery was made in Block CY-ONN-2002/1.

Jubilant is the operator of the block. Gujarat State Petroleum Corp (GSPC) and GAIL (India) are the other consortium partners. The block was awarded to the consortium in the fourth bid round under New Exploration Licensing Policy (NELP).

“The new discovery of gas and light crude oil is made in Andimadam and Sattapadi formation in the Cauvery basin, in addition to the established Bhuvanagari formation. A total of 110 metre of Net Pay was encountered within the well,” the release said.

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