Speaking on the launch of the third round of auction of small discovered fields, he said companies cannot indefinitely sit on resources they may have discovered.
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Adani Welspun discovers gas in Mumbai Offshore s Tapti-Daman Sector equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Adani Welspun JV discovers gas in Mumbai offshore basin
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Spread across 714.6 sq.km., the block is located in the prolific gas-prone Tapti-Daman Sector.
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Spread across 714.6 sq.km., the block is located in the prolific gas-prone Tapti-Daman Sector. Adani Welspun Exploration Ltd. (AWEL), a joint venture between the Adani Group and Welspun Enterprises Ltd., has announced its first-ever gas discovery in the NELP-VII block MB-OSN-2005/2 located in Mumbai offshore basin.
AWEL holds 100% participative interest (PI) and is the operator of this block. Spread across 714.6 sq.km., the block is located in the prolific gas-prone Tapti-Daman Sector of the Mumbai offshore basin.
Synopsis
Spread across 714.6 square kilometers, the block is located in the prolific gas-prone Tapti-Daman sector of the Mumbai Offshore basin where production is already underway by other operators.
Agencies
Out of the three potential zones identified during drilling, two objects tested by Drill Stem Testing (DST) flowed substantial gas and condensate to the surface.
A joint venture of Adani Group and Welspun Enterprises Ltd has discovered natural gas reserves in an area off the Mumbai coast, the two firms said in a statement Monday.
The first-ever gas discovery was made in the NELP-VII block MB-OSN-2005/2, Adani Welspun Exploration Ltd (AWEL) said.