Reliance discovers more gas in Krishna basin

Reliance Industries has struck gas for the third successive time at its exploration block in the Krishna Godavari (KG) basin, the company said.

Reliance Industries has struck gas for the third successive time at its exploration block in the Krishna Godavari (KG) basin, the company said on Tuesday.

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RIL holds a 90 per cent stake in the block, while the remaining 10 per cent is with Britain-based Hardy Oil and Gas.

"The deep water block KG-DWN-2003/1 is located in the Krishna basin, about 45 km off the coast in the Bay of Bengal," said RIL in a statement.

The two companies had made two discoveries in May, a 9.5 trillion cubic feet of gas in the D-3 block of the KG basin and another 10.8 trillion cubic feet in the D-9 block of the KG basin.

The potential of the new discovery named "Dhirubhai 44" is still being ascertained, the statement added.