RIL makes new gas find in first KG block well

Reliance Industries on Wednesday announced that it has discovered natural gas reserves in an exploration block in the Krishna Godavari basin off the country's east coast. The discovery, named Dhirubhai-39, was made in block KG-DWN-2003/1, lying about 50 km from Machilipatnam in Andhra Pradesh. "The gas discovery has been made in the very first exploratory well in this block,' stated a release from the company. Reliance Industries holds 90 per cent interest in the block, while Hardy Exploration and Production India Inc has the balance 10 per cent.