RIL, BP, NIKO ANNOUNCE GAS CONDENSATE DISCOVERY OFFSHORE INDIA

(The following is a reformatted version of a press release
issued by BP and received via e-mail. The release was confirmed
by the sender.) 
May 24, 2013 
RIL, BP and NIKO announce a significant gas condensate discovery
in deepwater KG D6 block, offshore India 
Reliance Industries Limited (RIL) and its partners BP and NIKO
today announced a significant gas and condensate discovery in
the KG D6 block off the eastern coast of India. 
The KGD6-MJ1 well was drilled in a water depth of 1,024 metres -
and to a total depth of 4,509 metres - to explore the
prospectivity of  a Mesozoic Synrift Clastic reservoir lying
over 2,000 metres below the already producing reservoirs in the
D1-D3 gas fields. 
Formation evaluation indicates a gross gas and condensate column
in the well of about 155 metres in the Mesozoic reservoirs. In
the drill stem test, the well flowed 30.6 million standard cubic
feet per day (mmscf/d) and liquid rate of 2,121 barrels a day
with a choke of 36/64” with a flowing bottom hole pressure of
8,461 psia suggesting good flow potential. Well flow rates
during such tests are limited by the rig and well test equipment
configuration. 
The discovery, named ‘D-55’, has been notified to the Government
of India (GoI) and the Management Committee of the block. This
discovery is expected to add to the hydrocarbon resources in the
KG D6 block. Appraisal will now commence to better define the
scale and quality of the field. 
Expressing happiness at the discovery encountered through this
well, PMS Prasad, Executive Director, Reliance Industries
Limited, stated: “This is a successful outcome of the combined
exploration efforts of the Joint Venture partners with the
active support of the GoI. We shall embark on the appraisal
program in the next few months in order to evaluate the options
for developing this discovery.” 
Dr Mike Daly, Executive Vice President Exploration at BP,
commented: “The discovery demonstrates the effective technical
co-operation between the partners, allowing us to make a new and
significant discovery within KG D6. It follows an 18 month
drilling time-out and detailed geoscience work that has re-focused our India exploration program and delivered this early
success.” 
Mr. Edward Sampson, Chairman, President and CEO of Niko
Resources Ltd. stated: ”We congratulate our partners and the
Government of India as co-operation in an event like this shows
what good can be created for the energy sector and most
importantly, for the people of India.” 
RIL is the operator of KG D6 with 60% equity. BP has a 30% share
and NIKO the remaining 10%. 
Further information: 
•       BP press office, London: +44 (0)20 7496 4076,
bppress@bp.com
•       BP press office, New Delhi:  +91 11 4375 5000,
narayani.mahil@bp.com
•       Reliance Press Office: B. Srinivasan, Mumbai: +91 22
22785437
•       Niko Resources Ltd.: Glen Valk, CFO: +1 (403) 262-1020
GValk@nikoresources.com  Bill Hornaday
hornaday@nikoresources.com
Larry Fisher larryf@nikoresources.com 
(sgp) NY 
#<278855.14078.3.5.0.0.76>#
 
 
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