Vedanta Ltd announces natural gas discovery in KG Basin
Vedanta’s subsidiary Cairn Oil and Gas operates six blocks including five located in India and a block in South Africa. Natural resources giant Vedanta Ltd today announced a gas discovery in its block KG-OSN-2009-3 in the Krishna Godavari basin off the east coast of India. The company owns 100 per cent participatory interest on the block. The company said in a filing at the Bombay Stock Exchange (BSE) it has notified the oil ministry and the upstream regulator Directorate General of Hydrocarbons (DGH) of the discovery. “A3-2 is the first exploration well drilled within the KG-OSN-2009/3 block. Down hole formation tester (MDT) sampled oil and gas from the zones of interest. The zone from 3610-3715m MDBRT flowed gas to surface during well testing. Further appraisal will be required to assess the potential commerciality of this Mesozoic rift discovery,” it said. Vedanta’s subsidiary Cairn Oil and Gas operates six blocks including five located in India and a block in South Africa. State-run Oil and Natural Gas Corporation (ONGC), too, had last week announced discoveries in Madhya Pradesh and West Bengal.