RIL discovers oil well in cauvery basin

New Delhi, July 17 (UNI) Mukesh Ambani-owned Reliance Industries Ltd (RIL) today announced that it has discovered its first oil well in Cauvery deep-water basin in the east coast.

The deep-water block CY-DWN-2001/2(CY-III-D5) is in an area of 14,325 sq km and was awarded to RIL under the bidding round of NELP III.

RIL holds a 100 per cent participating interest in this block, a company statement said.

The well is located at a depth of 1,185 metres and was drilled to a target depth of 4081 metres and terminated in the crystalline basement.

With this discovery RIL now has oil and gas in four major offshore basins of India- Krishna Godavari, Mahanadi, Saurashtra and now Cauvery basin.

UNI