GSPC's discovery in KG basin holds 3.61 tcf of gas
Gujarat State Petroleum Corp's gas discovery in Krishna Godavari basin off the Andhra coast holds 3.61 trillion cubic feet of gas reserves, the Directorate General of Hydrocarbons, country's nodal agency, has said.
By PTI |
NEW DELHI: Gujarat State Petroleum Corp's (GSPC) gas discovery in Krishna Godavari basin off the Andhra coast holds 3.61 trillion cubic feet of gas reserves, the Directorate General of Hydrocarbons, country's nodal agency, has said.
"The original gas in place for the five identified layers considering the Lowest Known Gas (LKG) is estimated to be to the tune of 0.912 tcf to 3.611 tcf when considered at maximum closure," a DGH report said.
GSPC had last year claimed to have struck 20 tcf of gas reserves in the well KG#8, later named Deendayal, in the shallow water block KG-OSN-2001/3.
Sources said KG#8 was the third well on the block. Fourth well KG#17 has been drilled up to the depth of 5,801 meters and is currently under production testing. Earlier drilled two wells i.e. KG#1 and KG#11 were dry and abandoned.
GSPC is to drill 14 wells in the phase-I of the exploration programme for the block.
ADVERTISEMENT
The DGH report says well KG#8 was drilled to a depth of 5061 meters at water depth of 60 meters. GSPC intimated the discovery of natural gas in KG#8 well to Government of India on July 1, 2005. A potential gas discovery report was submitted to GDH by the operator (GSPC) on October 14, 2005, based on analysis of available data.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
