Reliance Industries Ltd (RIL) has made its sixth oil discovery in the Gujarat block Cambay Basin-ONN-2003/1 (CB 10 A&B), awarded under the New Exploration Licensing Policy (NELP) V round of exploration bidding.
The well CB10A-T1 was drilled to a total depth of 1,500 m in the block CB-ONN-2003/1 near Ahmedabad. The hydrocarbon bearing zone was identified from 1390-1402.5 m. Conventional production testing was carried out in the interval 1390-1395 m. The well flowed at a rate of 415 barrels of oil per day (bopd).
The discovery, named ‘Dhirubhai–49’, the sixth oil discovery in the block so far, has been notified to the Government of India, and to the Directorate General of Hydrocarbons. The potential commercial interest of the discovery is being ascertained through additional data gathering and analysis. The discovery supplements the understanding of the petroleum system in the Cambay Basin in general and the block in particular.
On Friday, RIL’s shares ended 3.03% up at Rs1,046 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.84% up at 17,064.
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