New Delhi: The country’s most valuable company, Reliance Industries Ltd (RIL) has informed that it has found more gas in its block KG-OSN-2001/1 (KG-III-5), which is located in the Krishna offshore basin.

According to the company release, “The well (KGIII5-P1) is the
second gas discovery in the Miocene clastics reservoir in the Krishna
basin.”

The release also said that this shallow water block, which covers up
an arena of 1,100 square kms, was granted to RIL, under the final round
of NELP biding.

The release also said that RIL owns up 100 percent participating
interest in the block that was 151 meter in depth, and was drilled to
its target deepness of 3,500 meters.

The finding has been named as ‘Dhirubhai – 37.’ RIL has also
informed the central administration and upstream regulator Directorate
General of Hydrocarbons about the gas discovery.

Presently, RIL is assessing the commerciality of this new discovery.