Vedanta Finds Gas Offshore India

Vedanta, a subsidiary of UK-listed Vedanta Resources, September 13 said it has notified Indian regulator about a natural gas find in the Krishna-Godavari Basin (KG Basin), off India’s east coast.

The company has notified Directorate General of Hydrocarbons (DGH), Indian upstream regular, of the discovery, in its operated block KG-OSN-2009/3 in the KG Basin. “Vedanta Limited today notified the management committee, ministry of petroleum and natural gas and Directorate General of Hydrocarbons (DGH) of a hydrocarbon discovery in well A3-2 within its operated block KG-OSN-2009/3 within Krishna-Godavari Basin,” it said September 13 in a stock exchange filing. Vedanta holds 100% participating interest in the block.

A3-2 is the first exploration well drilled within the KG-OSN-2009/3 block. Multiple reservoir zones were encountered in the Mesozoic rift formation with indications of hydrocarbon during drilling and formation evaluations, Vedanta said, adding down hole formation tester (MDT) sampled oil and gas from the zones of interest. “Further appraisal will be required to assess the potential commerciality of this Mesozoic rift discovery,” it said.