Hyderabad: Anil Agarwal-led Vedanta Limited on Wednesday said it has struck oil in the Krishna-Godavari Basin.
The company has notified the management committee, directorate general of hydrocarbons and ministry of petroleum and natural gas about oil discovery in the second exploratory well H2, in the KG-OSN-2009/3 block in the Krishna-Godavari Basin, where the company holds 100% participating interest in the block, the company said.
“Multiple reservoir zones were encountered in the well H2 within the Mesozoic sequence between the depths of 3310m to 4026m with hydrocarbon indications during drilling and down hole logging. The zone from 3403m to 3431m was tested through conventional well testing (Drill Stem Test) and flowed oil to surface,” the company said, adding that further appraisal will be required to establish the size and commerciality of the oil discovery in the Mesozoic sequence.
