Vedanta makes natural gas discovery in Gujarat block won in OALP round
Billionaire Anil Agarwal’s Vedanta on Monday said it has made a natural gas discovery in a block in Gujarat that it had won in the open acreage licensing policy (OALP) round.
In a regulatory filing, the firm said it has “notified the DGH and Ministry of Petroleum and Natural Gas on August 23, 2021, of a gas and condensate discovery (named ‘Jaya’) in its exploratory well Jaya1 (earlier Jambusar-Updip-1), drilled in OALP Block CB-ONHP/2017/2 in Bharuch District of Gujarat.”
The approval of the management committee has also been sought.
The block was awarded to the company in October 2018 and is one of the 41 areas awarded to it in OALP-I round of bidding.
