Reliance Industries today said it has made a fifth oil discovery in a block in Gujarat, but did not give reserve estimates.
The discovery was made in exploration block CB-ONN-2003/1, which is located in the Cambay Basin at a distance of about 130 km from Ahmedabad, the company said in a statement here.
Reliance had won the block in the fifth round of auction under the New Exploration Licensing Policy (NELP).
Well CB10A-J1 was drilled to a total depth of 1,957 metres in Part A of the block. “Hydrocarbon-bearing zone was identified at a depth of 1,376-1,385.5 metres,” it said.
“The well flowed at a rate of 255 barrels of oil per day” during conventional testing of the discovery, the company said.
What good is it to Gujarat?
No good until Gujarat Government puts 10 dollar per barrel Infrastructure and Pollution tax on all petroleum produced from Gujarat
waters and Land.
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