Krishna-Godavari basin is a peri-cratonic

Craton

A craton is an old and stable part of the continental lithosphere. Having often survived cycles of merging and rifting of continents, cratons are generally found in the interiors of tectonic plates. They are characteristically composed of ancient crystalline basement rock, which may be covered by...

 passive margin

Passive margin

A passive margin is the transition between oceanic and continental crust which is not an active plate margin. It is constructed by sedimentation above an ancient rift, now marked by transitional crust. Continental rifting creates new ocean basins. Eventually the continental rift forms a mid-oceanic...

 basin in India. It is spread across more than 50,000 square kilometers in the Krishna River

Krishna River

The Krishna River , is one of the longest rivers in central-southern India, about . It is also referred to as Krishnaveni in its original nomenclature...

 and Godavari River

Godavari River

The Godavari is a river that runs from western to southern India and is considered to be one of the big river basins in India. With a length of 1465 km, it is the second longest river in India , that runs within the country and also the longest river in South India...

 basins in Andhra Pradesh

Andhra Pradesh

Andhra Pradesh , is one of the 28 states of India, situated on the southeastern coast of India. It is India's fourth largest state by area and fifth largest by population. Its capital and largest city by population is Hyderabad.The total GDP of Andhra Pradesh is $100 billion and is ranked third...

. The site is known for the D-6 block where Reliance Industries

Reliance Industries

Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...

 discovered the biggest natural gas reserves in India in 2002. It was also the world's largest gas discovery of 2002.

Discoveries

It was in 1983 that Gas was first struck in Rajole Well No.1 when ONGC had a small office in Rajahmundry and Narsapur that was headed by Iqbal Farooqi. Since that discovery there had been no looking back. Reliance and others are late players in that area.

• 14 trillion cubic feet of gas by Reliance Industries
  Reliance Industries
  Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
  
   in KG-DWN-98/l (KG-D6) in 2002. 6000 feet below the sea floor. cubic feet of gas by Gujarat State Petroleum Corporation
  Gujarat State Petroleum Corporation
  Gujarat State Petroleum Corporation Ltd is an oil and gas exploration company in Gujarat, India. It is India's only State Government-owned oil and gas company with the Government of Gujarat holding approximately 95% equity stake. GSPC was incorporated in 1979 as a petrochemical company...
  
   in June 2005. of gas at D-3 and D-9 blocks by Reliance Industries
  Reliance Industries
  Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
  
   in May 2009. of gas by ONGC in June 2009.

Corruption of Reliance Industries

CAG report on Krishna Godavari Basin clearly concludes the following irregularities by Reliance Industries

Reliance Industries

Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...

:

• Eliminated competition in contracts.
• Awarded contracts at unreasonable rates.
• Directly notified oil and gas discoveries without informing government
• Profit sharing mechanism with Government was designed in late 1990s
• RIL and GAIL Made profits by purchasing gas at a price of USD 4.2 per million British thermal units where the price of imported LNG ranges between USD 12 and USD 17 per mmBtu resulting net loss to exchequer.

Projects

KG-DWN-98/1 (KG-D6) - 8100sq km. The total project is expected to cost $100 billion. 50km off the coast of Kakinada

Kakinada

Kakinada is a city and a municipal corporation in the Indian state of Andhra Pradesh. It is located east of the state capital, Hyderabad. It is also the headquarters of East Godavari district. It is nicknamed "Fertilizer City" , "Pensioner's Paradise" and "Second Madras"...

.