EXPLORATION

Reliance set for major exploration program offshore India

India's largest petrochemicals company, Reliance Industries, will begin a three-year, $350 millio...

Utilising the Transocean Sedco Forex's drill ship, 'Discoverer 534', Reliance will begin by drilling in one of the two deep water blocks off the east coast of India.

About 10-15 wells are planned to be drilled in 2002-03, mostly in the deep water blocks (two on east and three on west coast) and shallow water blocks (four on east coast and six on west coast).

The company has outlined a massive 31-well exploration program through 2004-05 in the 12 oil and gas blocks awarded under the first round of New Exploration Licensing Policy (NELP). The company now has 25 onshore and offshore oil and gas blocks.

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