The state-owned Rs 500 crore Gujarat State Petroleum Corporation Ltd (GSPCL) has found a rich reserve of gas and oil from the first well it has explored in the Ahmedabad exploration block.
Gujarat State Petroleum Corporation, was awarded the block spread over 200 square km by the Centre under its NELP-II scheme during June 2001.
It has already initiated an evaluation of the reserve and will finalise the commercial production plan in a week
