RIL signs production-sharing agreement with Oman Govt

Mumbai, Nov 12 (UNI) Mukesh Ambani-promoted Reliance Industries Limited (RIL)-owned subsidiary Reliance Exploration and Production today signed a production sharing agreement with the Government of Oman for an offshore block no 41 in that country's deep waters.

The new block, measuring over 20,000 sq km and with a depth up to 3,000 meters, is adjacent to the old block allocated to RIL in 2005.

RIL will integrate operations of both the adjoining blocks to increase value for both the Omani government and RIL.

Within a week, this is Reliance's third block for which PSA has been signed. The previous two were in the Kurdistan Region of Northern Iraq.

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

UNI