Reliance Industries has today announced its sixth oil discovery in its exploratory block CB-ONN-2003/1, awarded on NELP V round of exploration bidding.
The block is located at a distance of about 130 kilometers from Ahmedabad in Gujarat, in the Cambay basin. The well CB10A-T1 was drilled to a total depth of 1500 meters and the well flowed at a rate of 415 barrels of oil per day. The company claims that this discovery is significant as it can open more oil pool areas, leading to better hydrocarbon portential within the block.
The discovery named 'Dhirubhai-49'. sixth such discovery in the block so far, has been notified to the government of India and the Directorate General of Hydrocarbons. The potantial commercial interest is being ascertained through additional data gathering and analysis.
Of the 16 exploratory wells drilled in the block by RIL so far, 12 of them are located in the part A of the block, and remaining four in part-B. RIL is continuing further exploratory drilling efforts in the block.
