Reliance bags oil/gas block in Oman

Reliance Industries has won the exploration rights for a deepwater oil and gas block in Oman, a company source said.

Reliance Exploration and Production DMCC, a wholly-owned subsidiary of Reliance Industries, has signed the contract for Block 41. The block lies adjacent to Block 18 in the Gulf of Oman, which the Government of Sultanate of Oman had awarded to Reliance in 2005. Block 18 is situated in the offshore Gulf of Oman between Block 41 and the border with the Fujuriah offshore block. The two blocks comprises approximately 21,000 sq km of area each.

Last week, Reliance executed two production sharing contracts covering petroleum exploration activities in the Rovi and Sarta blocks in the Kurdistan region of Iraq.

The company has been actively pursuing petroleum exploration activities in the Middle East, particularly in Oman and Yemen, besides India, the Asia Pacific Region and South America.