Meanwhile, last month, AEL announced that Adani Welspun Exploration struck substantial quantities of gas and condensate at three reservoir levels following the drilling of an exploratory well in the NELP-VII area (MB-OSN-2005/2) in March 2021. Adani Welspun Exploration is a joint venture company between Adani Group (65 per cent shareholding) and Welspun Enterprises Limited (35 per cent shareholding). Preliminary analysis of the data indicates that the Block has a high potential of commerciality with Gas Initially Inplace Place (GIIP) Contingent resources (2C) to the tune of 514 billion cubic feet (BCF) with additional Prospective resources of 50 BCF. Additionally, seismic inversion, convential core and PVT studies of data collected from the discovery well are being analysed to assess the full potential of the find; preliminary results indicate potential upsides to estimated resources, the company said.