Niko Resources informed that its partner Reliance Industries (RIL) has spud its first exploration well in more than five years on the flagging natural gas fields in KG-D6 block.
Niko is the minority partner of RIL in the Krishna Godavari basin block. RIL has spud the MJ-1 exploration well on the Dhirubhai-1 and 3 gas fields in the KG-DWN-98/3 or KG-D6 block in its efforts to explore new reserves to supplement falling output.
RIL is drilling a probe well on the fields to study reservoir characteristic after Dhirubhai-1 and 3 (D1&D3) gas fields, the largest among the 18 gas finds on KG-D6 block, proved to be more difficult to produce than previously predicted.
RIL has reportedly spud the well in early March. The well is targeting a Mesozoic synrift clastic reservoir, similar to the producing MA oil and gas field in the same block. The company may announce the results of the well in April or May.
The well would be drilled over two kilometre deeper than and directly beneath the producing D1&D3 fields in the block.
RIL has given the well a pre-drill best case gross prospective resource of 819 billion cubic feet of gas and 56 million barrels of liquids.
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