The Transocean drillship, Discoverer 534, which was carrying out completion work in Reliance Industries Limited (RIL) nearby D6 block is currently drilling the KGV-D3-G1 well. Considering the present schedule of availability of the rig, it is planned to drill and lower 20 casing and suspend the operation for re-entry at a later date as the drillship’s blowout preventer (BOP) repair is in progress. In the event that the BOP repair is completed in time, it is intended to complete the drilling of the entire well to TD.

The D3 license, in which the company holds a 10% participating interest and is operated by RIL, is located in the KG basin on the East Coast of India and covers an area of about 3,288 square kilometers.

The KGV-D3-G1 is located about 20 kilometers southwest of the company’s two gas discoveries (Dhirubhai 39 and 41) in the block that were announced earlier in 2008. The appraisal programme of the Dhirubhai 39 and 41 discoveries, which has been approved by the operating committee, is presently being reviewed by the Directorate General of Hydrocarbons of the Indian government.

Commenting on the drilling, Yogeshwar Sharma, chief operating officer said: We are pleased to have brought forward the D3 drilling programme as it provides an opportunity to further de-risk the prospectivity of the D3 block and highlights the importance of the Krishna Godavari Basin to our asset portfolio.