Indian energy major Reliance Industries said on Wednesday it had discovered oil in one of its exploration blocks in the Cambay Basin on India's western coast. This is its fourth oil discovery in the region.
The block, in which Reliance holds 100 percent participating interest, covers an area of 635 sq kilometres, the company said. The discovery is significant as it is expected to lead to better hydrocarbon potential within the block.
Source: Economic Times
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