Date:21/09/2007 URL: http://www.thehindubusinessline.com/2007/09/21/stories/2007092151460100.htm

RIL strikes oil in new KG Basin well

Richa Mishra

New Delhi, Sept 20

After striking gas in two exploration blocks, Reliance Industries Ltd (RIL) is understood to have found oil in its D4 block in the Krishna Godavari Basin.

The company has completed the technical testing in the block KG-DWN-98/1 (D4) on September 8 and is in the process of informing the Directorate General of Hydrocarbons (DGH).

In the D4 block, RIL has proved lucky in its third attempt, with the initial two efforts to exploit hydrocarbons yielding no results. The company had started drilling the third well in the block from July 16, where it also completed the technical tests showing encouraging results.

The company officials, however, remained tight-lipped about their exploration activity and the subsequent success in the block.

According to sources, the well has flowed, and RIL is in the process of studying the exact quantum of find — whether it is marginal or as prolific as its D6 block.

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