Out of the three potential zones identified during drilling, two had substantial gas and condensate flow to the surface
Adani Welspun Exploration Ltd (AWEL), a joint venture between the Adani Group and Welspun Enterprises Ltd, announced its first ever gas discovery in the Nelp-VII block MB-OSN-2005/2 in the Tapti-Daman sector of Mumbai offshore basin.
AWEL, a 65:35 joint venture between Adani Enterprises Ltd and Welspun Natural Resources Pvt. Ltd, holds 100% interest in the block spread across 714.6 sq km and is its operator.
“The pay zones and flow rates encountered have exceeded the company’s initial estimates. With the information gleaned from adjoining fields, this discovery is of substantial significance for both the company and the nation," AWEL said.
AWEL was awarded the block under the New Exploration Licensing Policy (Nelp) VII bid round. Early indications pointed to the occurrence of substantial quantities of gas and condensate in the block of the Mahuva and Daman formations.
“In addition to being value accretive for the company, this discovery could be a significant breakthrough for our nation given India’s aim to nearly triple the share of natural gas in its energy mix by the end of this decade," said Sandeep Garg, managing director, AWEL.
“The company is also an operator with 100% interest of an adjacent discovered small field B-9 Cluster in this prolific gas-bearing zone. The proximity of these two prospective blocks will enable AWEL to synergize and optimize development of both the blocks," he said.
The drilling of the current well in March 2021 has confirmed the presence of substantial quantities of gas and condensate in the block.
Out of the three potential zones identified during drilling, two had substantial gas and condensate flow to the surface. Object-I (3m), a clean sandstone reservoir, had a flow of 9.7 million standard cubic feet per day (mmscfd) of gas along with 378 barrels/day of condensate. Object-II (15m), another thick-clean sandstone reservoir, had a flow of 9.1 mmscfd of gas along with 443 barrels/day of condensate , the company said.