Translate

Wednesday, February 27, 2008

RIL gas find in Mahanadi basin block
Reliance Industries Ltd announced on Tuesday that it had struck gas in the NEC-OSN 97/2 (NEC-25) block located in the NEC-Mahanadi offshore basin, off the Orissa coast in Bay of Bengal.

This shallow water block covers an area of 10,755 sq km and water depths ranging between 20 metres and 600 metres.

This is the eighth discovery in the block. RIL had earlier struck six consecutive commercial discoveries in this block, for which the development plan has been submitted to the Directorate General of Hydrocarbons for approval.

The block was awarded under the bidding round of NELP-I. RIL holds 90 per cent participating interest and the rest is held by NIKO Ltd.

This discovery, named ‘Dhirubhai–40’ has been notified to the Centre and DGH

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 05
23:00 Fed's Harker speech 2
23:00 Fed's Schmid speech 2
Friday, Jun 06
11:30 Halifax House Prices (MoM) 1 -0.4% 0.4% 0.3%
11:30 Halifax House Prices (YoY/3m) 1 2.5% 3.2%
12:30 Foreign Currency Reserves 1 704B 703B
18:00 Nonfarm Payrolls 3 130K 177K
18:00 Average Weekly Hours 1 34.3 34.3
18:00 Average Hourly Earnings (YoY) 3 3.7% 3.8%
18:00 Unemployment Rate 2 4.2% 4.2%
18:00 U6 Underemployment Rate 2 7.8%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener