RIL discovers oil in Cambay Basin | business | Hindustan Times
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RIL discovers oil in Cambay Basin

Reliance Industries Ltd (RIL), controlled by Mukesh Ambani, on Wednesday announced its fourth oil discovery in the Cambay Basin off Gujarat.

business Updated: Apr 28, 2010 23:31 IST
HT Correspondent

Reliance Industries Ltd (RIL), controlled by Mukesh Ambani, on Wednesday announced its fourth oil discovery in the Cambay Basin off Gujarat.

“Two hydrocarbon-bearing zones were discovered in a well drilled in exploration block CB-ONN-2003/1, which flowed 300 barrels of oil during testing,” the company said in a press statement here.

The 635-sq km block is located at a distance of about 130 km from Ahmedabad. “This discovery, named Dhirubhai-47, the fourth oil discovery in the block so far, has been notified to the government and Director-General, Directorate General of Hydrocarbons,” it said.

“The potential commercial interest of the discovery is being ascertained through more data gathering and analysis,” it said.

While the entire block has been covered with 2D seismic, about 80 per cent of the block area has 3D seismic coverage.