Reliance Pockets Another Oman Exploration Block

New Delhi: Reliance chairman Mukesh AmbaniReliance Industries Limited (RIL) has won another deepwater oil and gas block in Onam.

For this, India’s top private firm has signed a production-sharing agreement (PSA) with the government of Onam.

According to the company release, the agreement was signed through RIL’s wholly-owned arm ‘Reliance Exploration and Production DMCC.’

The offshore Block 41, coveres up more than over 20,000 sq/kms, is adjacent to Block 18 that RIL had bagegd in 2005.

The recent development comes after the company (RIL) pocketed two oil blocks ‘Rovi’ and ‘Sarta’ in Iraq’s Kurdish region, during last week.

RIL has been actively acting on petroleum exploration activities in the Middle East, Asia-Pacific region and South America. Reliance also owns exploration blocks in Yemen, East Timor, Australia and Colombia through its arms.