Reliance Industries has today announced its fourth oil discovery in exploratory block CB-ONN-2003/1, located onland in the Cambay basin. The block was awarded under NELP V round of exploration bidding.
This discovery named 'Dhirubhai-47', is the fourth oil discovery in the block so far. It has been notified to the Government of India and Director General of Hydrocarbons. The potential commercial interest of the discovery is being ascertained through more data gathering and analysis.
This block is located at a distance of 130 kms from Ahmedabad and covers an area of 635 sq kms. RIL is the operator and has 100 per cent participating interest in the block. The block has 14 exploratory wells and the company is continuing further exploratory drilling efforts in the block.
The company says that, based on the acquired 3D seismic data, there are several more prospects with upside potential have been identified in the contract area.