discovery in the Cambay Basin in Gujarat- India

RIL makes fourth oil discovery in Cambay
TIMES NEWS NETWORK

New Delhi: Mukesh Ambani-promoted Reliance Industries Ltd has made a fourth oil discovery in the Cambay Basin in 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, a company statement said on Wednesday.
"The discovery is significant as this is expected to open more oil pool areas, leading to better hydrocarbon potential within the block," the statement said. The 635 sq km block is located at a distance of about 130 km from Ahmedabad. "This discovery, named Dhirubhai-47, has been notified to the government and Directorate General of Hydrocarbons," the statement said. "The potential commercial interest of the discovery is being ascertained through more data gathering and analysis."
The block covers an area of 635 sq km in two parts — Part-A and Part-B. RIL, as operator, holds 100% participating interest in the block. The discovery well, CB1-A-F1, was drilled to a depth of 1,605 metres in Part-A of the block. While the entire block area has been covered with two-dimensional seismic, about 80% of the block area has three-dimensional seismic coverage. Of the 14 exploratory wells drilled in the block by RIL so far, 10 are located in Part-A and the remaining four are in Part-B.