Reliance Strikes More Oil in Cambay

Reliance Industries made its fifth oil discovery in exploration Block CB-ONN-2003/1 in the Cambay Basin. The CB10A-J1 well on the Dhirubhai–48 prospect reached a total depth of 6,421 feet (1,957 meters) in Part A of the block, with the objective of exploring the play fairway in the Miocene Basal Sand of the Babaguru formation and Eocence Pays of the Kalol formation. The hydrocarbon-bearing zone was identified at a depth of 4,514 to 4,547 feet (1376 to 1386 meters) in the Miocene Basal Sand of the Babaguru formation. Production testing was performed and the well flowed at a rate of 255 bopd, through a 6-mm bean with a flowing tube head pressure of 180 psi. Reliance Industries wholly owns and operates the block.

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Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
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