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Vedanta discovers natural gas in Krishna Godavari basin block

14 Sep 2018 Evaluate

Vedanta has discovered natural gas in a Krishna Godavari basin block in the Bay of Bengal. The company has notified the oil ministry and the upstream regulator Directorate General of Hydrocarbons (DGH) about the discovery in well A3-2 in block KG-OSN-2009/3.

A3-2 is the first exploration well drilled within the KG-OSN-2009/3 block. Multiple reservoir zones were encountered in the Mesozoic rift formation between the depths of 3351-3944 meters with indications of hydrocarbon during drilling and formation evaluations.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 940.00
Vedanta 255.00
Hindustan Zinc 561.60
Jain Resource Recycl 290.50
CMR Green Tech 221.35
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