RIL bags deepwater oil and gas block in Oman

RIL bags deepwater oil and gas block in Oman
PTI

NEW DELHI: Mukesh Ambani-run Reliance Industries Ltd has won a deepwater oil and gas block in Oman, a company source said.

Reliance Exploration and Production DMCC, a wholly-owned subsidiary of RIL, has signed contract for Block 41.

The block lies adjacent to Block 18 in Gulf of Oman, which the Government of Sultanate of Oman awarded to RIL in 2005.

Block 18 is situated in the offshore Gulf of Oman between Block 41 and the border with the Fujuriah offshore block. The two blocks comprises approximately 21,000 sq km of area each.

Reliance last week executed two production sharing contracts covering petroleum exploration activities in the Rovi and Sarta blocks in the Kurdistan region of Iraq.

The company has been actively pursuing petroleum exploration activities in the Middle East, particularly in Oman and Yemen, besides India, Asia Pacific Region and South America.

Atul Chandra, President of International Operations, RIL, said agreements for the two blocks were signed by Kurdistan Regional Government. He, however, said the reported figures of signature bonus paid for the two blocks were not correct.