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Reliance Industries may have hit upon a very significant gas discovery in the MJ-1 field of the KG-D6 basin, which is estimated to hold about 1.4 trillion cubic feet of gas resources (tcfe), RIL’s Canadian partner in the block Niko Resources revealed in a statement.
At 1.4 tcfe, the gas find would be among the biggest in the block.
MJ-1 is located in the Central (North) fault block, over 2,000 m below the already producing reservoirs in the Dhirubhai 1 and 3 gas fields.
For Niko, Deloitte evaluated the contingent resources for the MJ discovery and its best case estimate puts the total amount of available resources at 1.4 tcfe.
The lower end of the estimate is at 988 tcfe while Deloitte’s optimistic number is for 2 tcfe.
Niko has a 10 per cent working interest in the D6 block, which is operated by RIL (with 60 per cent interest). The remaining 30 per cent is owned by BP.
Development planningNiko has said that the operator of the D6 Block (RIL) has confirmed the appraisal work and development planning work is currently under way. “The operator is actively pursuing related studies.”
RIL declined to comment on the find.
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