Reliance Industries (RIL) and its partner BP Plc have discovered a new gas condensate in the Cauvery basin, off the east coast of India.
This is the second gas discovery in the deepwater block CY-DWN-2001/2 (CYD5), 62 km from the coast in the Cauvery Basin, the companies said Friday.
RIL is the operator with 70 percent equity and BP has a 30 percent share.
"Well CYIII-D5-S1 was drilled in a water depth of 1,743 metres, to a total depth of 5,731 metres, with the primary objective of exploring Mesozoic-aged reservoirs.
"Preliminary evaluation of well data and fluid samples indicated presence of gas condensate in the reservoir interval with a gross column of 143 metres," the statement said.
The Indian government and the Directorate General of Hydrocarbons have been notified of the discovery, named D-56, the operators said in a statement.