MUMBAI, India, Sept. 14, 2018 /PRNewswire/ -- Vedanta Limited
has today notified the Management Committee, Ministry of Petroleum
and Natural Gas and Directorate General of Hydrocarbons (DGH) of a
hydrocarbon Discovery in well A3-2 within its operated block
KG-OSN-2009/3 within Krishna-Godavari Basin, East Coast of
India. Vedanta Limited holds 100%
participating interest in the block.
A3-2 is the first exploration well drilled within the
KG-OSN-2009/3 block. Multiple reservoir zones were encountered in
the Mesozoic rift formation between the depths of 3351-3944m MDBRT with indications of hydrocarbon
during drilling and formation evaluations. Down hole formation
tester (MDT) sampled oil and gas from the zones of interest. The
zone from 3610-3715m MDBRT flowed gas
to surface during well testing. Further appraisal will be required
to assess the potential commerciality of this Mesozoic rift
discovery.
About Vedanta Limited
Vedanta Limited is a diversified natural resources company,
whose business primarily involves producing oil & gas, zinc -
lead - silver, aluminium, copper, iron ore and commercial power.
The company has a presence across India, South
Africa and Namibia. Vedanta
Ltd has a portfolio of world-class, low-cost, scalable assets that
consistently generate strong profitability and have robust cash
flows. The company holds industry-leading market shares across its
core divisions.
Vedanta Limited is the Indian subsidiary of Vedanta Resources
Plc, a London-listed company.
Governance and Sustainable Development are at the core of Vedanta's
strategy, with a strong focus on health, safety and environment and
on enhancing the lives of local communities. The company is
conferred with the Confederation of Indian Industry (CII)
'Sustainable Plus Platinum label', ranking among the top 10 most
sustainable companies in India. To
access the Vedanta Sustainable Development Report 2017, please
visit
http://sd.vedantaresources.com/SustainableDevelopment2016-17/
Vedanta Limited is listed on the Bombay Stock Exchange and the
National Stock Exchange in India.
The company is in the Nifty 50 Index and has ADRs listed on the New
York Stock Exchange.
For more information please visit www.vedantalimited.com
Vedanta Limited
Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai - 400
099
www.vedantalimited.com
Registered Office:
Regd. Office: 1st Floor, 'C' wing,
Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai – 400 093
CIN: L13209MH1965PLC291394
Disclaimer
This press release contains "forward-looking statements" – that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward–looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets including the London Metal Exchange, fluctuations in
interest and or exchange rates and metal prices; from future
integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a
political, economic, business, competitive or regulatory nature.
These uncertainties may cause our actual future results to be
materially different that those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements.
For further information, please contact:
Communications
Arun Arora
Head Communications
Tel: +91-1244593000
gc@vedanta.co.in
Investor Relations
Rashmi Mohanty
Director – Investor Relations
Tel: +91-22-6646-1531
vedantaltd.ir@vedanta.co.in
Sneha Tulsyan
Associate Manager – Investor Relations