Reliance announces another gas discovery

April 1st, 2008 - 8:26 pm ICT by admin  

New Delhi, April 1 (IANS) 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. “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.

Tags: , , , , , , , , , , , ,

Posted in Business |