region NEW DELHI, Jan 15 (KUNA) — Indias leading private sector energy major – Reliance Industries Ltd (RIL) – has discovered gas reserves in its Krishna offshore basin exploratory block in the countrys Southern state of Andhra Pradesh.
“This is the third gas discovery by RIL in the shallow water block in the Krishna offshore basin,” a RIL statement said here Tuesday.
“This discovery, namely ‘Dhirubhai-38’ has been notified to the India government and Directorate General of Hydrocarbons,” the RIL said.
“RIL is currently evaluating the commerciality of this discovery,” the statement added.
“RIL had bagged exploration rights for the block in the third round of bidding under the governments National Exploration Licensing Policy,” the statement further said.
RIL holds 100 per cent participating interest in the block