Mumbai: Reliance Industries Ltd (RIL), India’s most valuable company controlled by Mukesh Ambani, has made its sixth oil discovery in the Cambay basin, the company said in a statement on Friday.
“The well flowed at a rate of 415 barrels of oil per day (bopd), the discovery is significant as it is expected to open up more oil pool areas. Leading to better hydrocarbon potential within the block,” RIL said in its statement.
The block allocated to RIL in the fifth round of bidding under the
National Exploration licensing Policy is located 130 km away from Ahmedabad.
The oil-to-yarn conglomerate said the discovery named ‘Dhirubhai-49’ has been notified to the government and directorate general of hydrocarbons and the potential commercial interest of the discovery was being ascertained through additional data gathering and analysis.