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Reliance Strikes Gas In Gujarat Offshore

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Our Corporate BureauPTI BUSINESS STANDARD

Reliance Industries (RIL) has made yet another significant oil and gas discovery in an exploration block offshore Gujarat.

This is the second discovery within three months of its announcement that it has struck gas reserves in the deep waters of Krishna-Godavari basin, off Andhra Pradesh coast.

Reliance struck hydrocarbons in the very first well it drilled in the Gk-OSJ/1 block in shallow waters of Gulf of Cambay, senior company officials said in Delhi.

No assessment of in-place reserves has been done as the reserves are yet to be tested, they said, adding the company would make an announcement on the find in a month

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First Published: Jan 10 2003 | 12:00 AM IST

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