RIL aanounces another oil find in Cambay Basin

Mukesh Ambani-led Reliance Industries Limited today announced yet another oil find in the Cambay Basin, in an oil block in which it holds a 100 per cent participating interest.

It said that the discovery, named 'Dhirubhai-43' has been notified to government of India and directorate general of hydrocarbons.

RIL aanounced the oil find through a media statement, that it made the first oil discovery in the onland exploratory block CB–ONN–2003/1 (CB 10 A&B), which was  awarded to the company under the NELP-V round of exploration bidding.

"RIL holds 100 per cent participating interest (PI) in this block which is located at a distance of about 130km from Ahmedabad in Gujarat in the Cambay basin," the statement said.

It added that the block covers an area of 635sq km in two parts - Part A located in the west with an area of 570 square kilometers and Part B located to the east with an area of 65 square kilometers.

According to Reliance, 3D seismic data has been acquired over 80 per cent of the block area, while 2D seismic data has been acquired over the entire area.