The Centre’s green panel has given its nod to RIl for carrying out eight additional exploratory well drilling to ascertain reservoir capacity and commercial viability of hydrocarbons in the block CY-III-D5 in Bay of Bengal off the coast of Tamil Nadu.
Reliance Industries has been awarded exploratory rights for hydrocarbons prospecting in the offshore block DY-III-D5 under the New Exploration licensing Policy-III. RIl has already been given the environment clearance to drill 11 exploratory wells in this block. As on date, the company has drilled nine wells and discovered hydrocarbons in three wells.
Since seismic data and the drilling campaign shows presence of hydrocarbons in the block, RIl is planning to carry out eight additional exploratory well drilling to establish the reservoir capacity in this block.