Adani Welspun Exploration pulls off gas discovery in Mumbai offshore basin

Adani Welspun Exploration (AWEL) has pulled off a gas discovery in the Mumbai offshore basin through the drilling of an exploratory well in the MB-OSN-2005/2 block.

The gas discovery was made in the Tapti-Daman Sector of the Mumbai offshore basin.

Adani Welspun Exploration is a joint venture between Adani Enterprises (65%) and Welspun Natural Resources (35%), which is a subsidiary of Welspun Enterprises.

Welspun Enterprises said that the drilling of the exploratory well in the MB-OSN-2005/2 block has proven the presence of significant volumes of gas and condensate.

During the drilling of the well in the Mumbai offshore basin, three potential zones were identified, from which two objects, which were evaluated by drill stem testing (DST) flowed considerable quantities of gas and condensate to the surface.

Adani Welspun Exploration has 100% participative interest (PI) in the 714.6km2 MB-OSN-2005/2 block, which was won by it under the New Exploration Licensing Policy VII bid round (NELP-VII bid round).

According to Welspun Enterprises, early indications showed gas-bearing reservoirs occurring within the sandstone reservoirs of the Mahuva and Daman formations.

Sandeep Garg – Adani Welspun Exploration, commenting on the new gas discovery in the Mumbai offshore basin, said: “In addition to being value accretive for the Company, this discovery could be a significant breakthrough for our nation given India’s focus to nearly triple the share of natural gas in its energy mix by the end of this decade.”

“The Company is also an operator with 100% PI 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 synergise and optimize development of both the blocks.”