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Reliance finds oil in Cambay Basin

Reliance finds oil in Cambay Basin

Mumbai: Reliance Industries on Tuesday announced its first oil discovery in its exploration block in the Cambay Basin off Gujarat.

Reliance holds 100% participating interest in the block which covers an area of 635 square kilometres, it said in a statement.

This block was awarded to Reliance under the fifth round of the New Exploration Licensing Policy.

By 10:17 am, shares in Reliance were trading up 2.7% at Rs2,079, while the main index was up 0.83%.

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