Oil exploration stocks surge; Jindal Drilling, Dolphin Offshore up over 10%

Jindal Drilling, GOL Offshore and Dolphin Offshore were up in the range of 12% to 20%.

Shares of oil exploration, equipment and services companies have rallied  up to 20% on BSE on the back of heavy volumes.

Jindal Drilling & Industries, Oil Country Tubular, GOL Offshore and Dolphin Offshore Enterprises (India) were trading higher in the range of 12% to 20%. Aban Offshore, Hindustan Oil Exploration Company and Selan Exploration Technology were up between 3% and 8%.

Reliance Industries (RIL) on Thursday announced it would invest Rs 40,000 crore ($6 billion) in three projects, over three to five years, for developing discoveries in the KG-D6 block along with its 30% partner BP Plc.

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