Cairn makes oil discovery in Krishna-Godavari Basin

Cairn India has made an oil discovery in the Krishna-Godavari Basin located off the East Coast of India.The news of the discovery was shared on Wednesday by Cairn’s parent company, Vedanta Limited.Vedanta said that the oil discovery was made in the second exploratory well H2, located in the block KG-OSN-2009/3, in the Krishna-Godavari Basin.Vedanta Limited holds a 100% participating interest in the block.According to Vedanta, multiple reservoir zones were encountered in the well H2 within the Mesozoic sequence between the depths of 3310m to 4026m with hydrocarbon indications during drilling and down hole logging. The zone from 3403m to 3431m was tested through conventional well testing (Drill Stem Test) and flowed oil to surface.The company noted that further appraisal would be required to establish the size and commerciality of the oil discovery in the Mesozoic sequence.As previously reported, the first exploration well A3-2 drilled in the block was a gas discovery.Evaluations are ongoing based on the results of the first well A3-2 and the second well H2 to finalize the forward program.