Companies

Vedanta strikes oil in KG Basin

Our Bureau New Delhi | Updated on March 27, 2019 Published on March 27, 2019

Holds entire participating interest in the block

Vedanta Limited has reported the discovery of oil in its KG-OSN-2009/3 block in the Krishna-Godavari Basin.

A company statement said oil discovery was reported in the second exploratory well H2 of the block. Vedanta holds entire participating interest in the block.

The first exploration well A3-2 drilled in the block was a gas discovery. Evaluations are ongoing based on the results of the first well A3-2 and the second well H2 to finalise the forward programme.

“Multiple reservoir zones were encountered in the well H2 within the Mesozoic sequence between the depths of 3310 meters to 4026 meters with hydrocarbon indications during drilling and down hole logging,” the statement said.

“The zone from 3403m to 3431m was tested through conventional well testing (Drill Stem Test) and flowed oil to surface. Further appraisal will be required to establish the size and commerciality of the oil discovery in the Mesozoic sequence,” the statement added.

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Published on March 27, 2019
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