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NEW DELHI, Jan 2 Asia Pulse - Reliance Industries (ASX:RELI) has stumbled upon significant gas reserves in the sixth well it has drilled in the Krishna Godavari Basin block, where it had earlier this year discovered 7 trillion cubic feet of gas reserves.
"The sixth well, in the vicinity of the previous five wells where world class gas reserves were discovered, also encountered several gas zones. We are yet to appraise the discovery, which has the potential to revise upward the previous estimates of reserves in the KG-DWN-98/3 block," senior company officials said.
The consortium of Reliance Industries and Niko Resources of Canada will drill one or two more wells in the block before appraising the find.
Twenty-five developmental wells would be ...