New Delhi: Reliance Industries Ltd (RIL) seems to have experienced a minor hiccup in its successful Cauvery asset. Reliance was unable to finish the hydrocarbon testing in the second well drilled in its deepwater Cauvery block due to technical snags. While the company was able to complete the testing activity in the first well, in the second well it has suffered technical problems. The company was still working on the results of hydrocarbon testing in the asset. The company plans to go back to the block CY-DWN-2001/2 (CY-D5) when deepwater rigs are available.
RIL, which is the operator of the CY-D5 block, had recently declared availability of hydrocarbon reserves in the asset. Initially, it held 90 per cent participating interest, with Hardy Exploration & Production (India) Inc holding the rest. Subsequently, Hardy pulled out and RIL now holds 100 per cent interest in the block. There are two zones in the block, in the first zone as per the initial tests RIL has found 550 barrels per day of oil and one million cubic ft per day of gas, while in the second it has found 31 million cubic ft per day of gas and 1,200 barrels per day of condensate.
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