RIL finds more gas in K-G basin

Reliance Industries has made a gas discovery in a block close to its prolific D6 area in the Krishna-Godavari basin in the Bay of Bengal. The well, KGV-D3-W1, drilled in deepsea block KG-DWN-2003/1, also known as D3, struck natural gas 3,501 metres below the sea bed, UK’s Hardy Oil and Gas Plc — RIL’s minority partner in the block — said in a press statement. It, however, did not give an estimate on the reserves the find may hold. This is the fourth successive gas discovery in the block, which lies in the same basin as RIL’s KG-D6 finds.