Vedanta strikes gas in west India
Mumbai-listed Vedanta has made a natural gas discovery in the western Indian state of Gujarat, it said in a stock exchange filing on August 23.
The company said it had informed the authorities about a gas and condensate discovery in its exploratory well Jaya-1 drilled in OALP Block CB-ONHP/2017/2 in Bharuch district of Gujarat. The block was awarded to the company in October 2018 and it holds 100% participating interest in the block.
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Jaya-1 is the third well drilled in Gujarat and the second hydrocarbon discovery notified by the company under the Open Acreage Licensing Policy (OALP) regime.
“Further evaluation will be carried out to assess potential commerciality of the discovery,” it said.