Reliance Industries Ltd (RIL) has announced the first oil discovery in the onland exploratory block CB-ONN-2003/1 (CB 10 A&B) awarded 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 130 km from Ahmedabad in Gujarat in the Cambay basin.

The block covers an area of 635 sq km in two parts viz., Part A located in the west with an area of 570 sq km and Part B located to the east with an area of 65 sq km.

3D Seismic data has been acquired over 80 per cent of the block area and 2D Seismic data has been acquired over the entire area. Five wells have been drilled in this block. The fifth well, CB10A-A1, which is the discovery well was drilled to a total depth of 1,451 mtrs in Part A of the block with the objective of exploring the play fairway in the Miocene Basal Sand of Babaguru formation.

Also See:

RIL signs GSPA with NTPC (25-Sep-09)