New Delhi: Reliance Industries today announced discovery of an oilfield 130 km from Ahmedabad in Gujarat, its second major find after the offshore MA field in the Krishna Godavari basin.

The block was awarded to Reliance in the fifth round of bidding under the New Exploration Licensing Policy (NELP). The company holds 100 per cent participating interest in the block.

Reliance discovered oil in the fifth well it drilled on the 635-square kilometer CB-ONN-2003/1 block in the Cambay basin, a company statement said but did not give reserves the field may hold.

Reliance had previously found crude oil reserves in the predominately gas-rich KG D-6 block off the east coast. The MA field, which came into production in September last year, is currently producing around 11,000 barrels per day.

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