Mumbai: Reliance Industries Ltd declared on Feb 26 that it had discovered gas in the NEC-OSN 97/2 (NEC-25) block located in the NEC-Mahanadi offshore basin, off the Orissa coast in Bay of Bengal. This shallow water block covers an area of 10,755 sq km and water depths ranging between 20 metres and 600 metres. This is the eighth discovery in the block. RIL had earlier discovered six consecutive commercial discoveries in this block, for which the development plan has been submitted to the Directorate General of Hydrocarbons for clearance. The block was given under the bidding round of NELP-I. RIL holds 90 per cent participating interest and the rest is held by NIKO Ltd.
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