Drilling complete at Reliance’s block KG-D6

India

NEW DELHI, November 13, 2015 – Indian energy conglomerate Reliance Industries has completed two successful drill stem tests in its operated deepwater block KG-D6, off the eastern coast of India, partner Niko Resources said in its quarterly results released Thursday.

The tests on two discoveries “confirmed the potential of these discoveries, and the contractor group plans to incorporate the information into the design of an integrated development scheme for the retained discoveries with the Satellites discoveries,” according to Niko Resources.

Reliance Industries has a 60-percent interest in the block, with BP holding 30 percent and Niko Resources assuming the remaining 10-percent share.

Drilling in block KG-D6 is now completed for 2015 and is not expected to restart until 2017, though an addition of one or more sidetracks on the block’s MA oilfield is still possible.

Niko Resources added that it was relinquishing its 10-percent share in another offshore block NEC-25 to Reliance Industries and BP.

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