Reliance announces another gas discovery

By IANS

New Delhi : Mukesh Ambani-led Reliance Industries Ltd (RIL) Tuesday said it has made a second gas discovery in its deep-water exploration block of the Krishna basin in the Bay of Bengal.


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“RIL is pleased to announce yet another discovery in exploratory block KG-OSN-2003/1 (KG-V-D3) of Krishna Basin,” the company said in a statement.

“This is the second gas discovery in this block,” it added.

The company holds a 90-percent participating interest in the block while the balance is with Britain-based petroleum company Hardy Exploration and Production.

RIL made first gas discovery in the same block this February.

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