RIL announces 3rd successive gas discovery in KG basin

RIL announces 3rd successive gas discovery in KG basin
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Mukesh Ambani-promoted Reliance Industries on Tuesday announced its third successive gas discovery in the Krishna Godavari (KG) D3 block.

The deepwater block is located in the Krishna Basin, about 45 kilometres off the coast in the Bay of Bengal.

The block covers an area of 3,288 square km. RIL holds a 90% participating interest (PI) while UK’s Hardy Exploration & Production India Inc holds 10% PI in the block.