Reliance announces fourth oil discovery

Mukesh Ambani-led Reliance Industries made a fourth oil discovery in the Cambay Basin in Gujarat.

Two hydrocarbon-bearing zones were discovered in a well drilled in exploration block CB-ONN-2003/1, which flowed 300 barrels of oil during testing, the company said in a press statement. The block was awarded under NELP-V round of exploration bidding, the statement added.

“The discovery is significant as this play fairway is expected to open more oil pool areas, leading to better hydrocarbon potential within the block,” it said.

The well, CB10A-F1, was drilled to a total depth of 1,605 metres and flowed at a rate of 300 barrels of oil per day (bopd). The 635-sq km CB-ONN-2003/1 block is located at a distance of about 130 km from Ahmedabad, in Gujarat. The block that covers an area of 635 sq km, is divided into two parts viz., Part A & Part B. RIL, as Operator, holds 100% participating interest (PI) in the block.

“This discovery, named Dhirubhai-47, the fourth oil discovery in the block so far, has been notified to the government and Director-General, Directorate General of Hydrocarbons,” the statement said.

“The potential commercial interest of the discovery is being ascertained through more data gathering and analysis,” Reliance Industries said in a statement.

RIL is continuing further exploratory drilling efforts in the block.

Advertisements

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: