MUMBAI, India– Vedanta Ltd. has reported an oil discovery with its second exploratory well in block KG-OSN-2009/3 in the Krishna-Godavari basin offshore eastern India.
The company said the H2 well encountered multiple reservoir zones within the Mesozoic sequence between the depths of 3,310 m to 4,026 m (10,860 ft to 13,209 ft) with hydrocarbon indications during drilling and downhole logging. A drillstem test of the zone from 3,403 m to 3,431 m (11,165 ft to 11,257 ft) flowed oil to the surface.
Further appraisal will be required, the company said, to establish the size and commerciality of the oil discovery in the Mesozoic sequence.
A3-2, the first exploration well drilled in the block, was a gas discovery. Evaluations are ongoing based on the results of the A3-2 and H2 wells to finalize the forward program.
Vedanta holds 100% participating interest in the block.