Vedanta strikes oil in Krishna Godawari basin block

Increasing the hopes for a revival of the prospects of Krishna Godawari basin, Anil Agarwal-led Vedanta Ltd has found new oil discovery at its block KG-OSN-2009/3 in East Coast of India. 

Vedanta through its oil and gas division Cairn holds 100 per cent participating interest in the block.The company has already notified the management committee, directorate general of hydrocarbons and the ministry of petroleum and natural gas of an Oil Discovery in the second exploratory well H2, located in the block.

Vedanta said in a statement that multiple reservoir zones were encountered in the well H2 within the Mesozoic sequence