Reliance bags Oman offshore block; signs production deal in Kurdistan

Mumbai: Reliance Industries has signed contract for a second deepwater exploration block off the coast of Oman, a top company official said.

"Block 41 is adjacent to our existing block in Oman and is spread over 20,000 square kilometres," Atul Chandra, president international operations at Reliance, said.

He said the exploration block is 100 per cent owned by Reliance subsidiary, Reliance Exploration & Production DMCC.

Reliance also has executed two production sharing contracts with the Kurdistan Regional Government (KRG) covering petroleum exploration activities in the Rovi and Sarta Blocks in the Kurdistan Region of Iraq.

Under the terms of the contract, Reliance Exploration and Production DMCC, a wholly owned subsidiary of the company, will serve as the operator.

The company established a local office in Erbil in 2006 and has undertaken extensive geological work over the past year in the Kurdistan region.