<p>Videocon Industries Monday announced a significant natural gas discovery in its offshore Rovumal block in Mozambique. <br /><br /></p>.<p>"Videocon Industries advises that Anadarko Petroleum Corporation, operator of Rovumal block, offshore Mozambique, announced the discovery of a new natural gas accumulation within the Offshore Area 1 of the Rovuma Basin," the company said in a filing with the Bombay Stock Exchange (BSE).<br /><br />The company through Videocon Hydrocarbon, a wholly owned subsidiary, has 10 percent interest in the offshore area-1 of the Rovumal block. <br /><br />The Orca-1 discovery well encountered approximately 190 net feet (58 metres) of natural gas in a Paleocene fan system, while the accumulation was fully contained within the offshore area-1 of the Rovumal, the statement added.<br /><br />The well was drilled to a total depth of approximately 4,996 metres, in water depths of approximately 1,061 metres.<br /><br />Pradeep N. Dhoot, director of Global E&P Business of Videocon Hydrocarbon, said the success of the exploration well 'Orca’ in the Rovumal Basin, has further added to the vast hydrocarbon resources already established in the block. <br /></p>
<p>Videocon Industries Monday announced a significant natural gas discovery in its offshore Rovumal block in Mozambique. <br /><br /></p>.<p>"Videocon Industries advises that Anadarko Petroleum Corporation, operator of Rovumal block, offshore Mozambique, announced the discovery of a new natural gas accumulation within the Offshore Area 1 of the Rovuma Basin," the company said in a filing with the Bombay Stock Exchange (BSE).<br /><br />The company through Videocon Hydrocarbon, a wholly owned subsidiary, has 10 percent interest in the offshore area-1 of the Rovumal block. <br /><br />The Orca-1 discovery well encountered approximately 190 net feet (58 metres) of natural gas in a Paleocene fan system, while the accumulation was fully contained within the offshore area-1 of the Rovumal, the statement added.<br /><br />The well was drilled to a total depth of approximately 4,996 metres, in water depths of approximately 1,061 metres.<br /><br />Pradeep N. Dhoot, director of Global E&P Business of Videocon Hydrocarbon, said the success of the exploration well 'Orca’ in the Rovumal Basin, has further added to the vast hydrocarbon resources already established in the block. <br /></p>