New Delhi: Mining baron Anil Agarwal-led Vedanta Ltd on Wednesday announced an oil discovery in its Krishna Godavari basin block in the Bay of Bengal.
The block previously had a gas discovery in the very first well drill.
In a statement, Vedanta said “it has notified the Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an oil discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India”.
Vedanta holds 100% participating interest in the block.
