REL terminates drilling contract with Aban Offshore

Saturday, March 17, 2007, 11:19 [IST]

Mumbai, Mar 13 (UNI) Reliance Industries today terminated its contract with Aban Offshore in relation to its drilling order, an official statement said here.

The statement, however, did not mention any reasons for the move.

Aban Offshore's rig was expected to start work based on the contract within a few weeks.

Earlier in the day, RIL had informed the BSE regarding two new discoveries of hydrocarbon wells in the east coast blocks at Krishna Godavari basin in Andhra Pradesh. The discoveries have been notified to the DGH (Directorate General of Hydrocarbons) and concerned authorities as a new discovery, namely Dhirubhai 31 and Dhirubhai 32.

The business potential of the above discoveries is currently under evaluation, REL said.

UNI

Topics: BUSINESS-REL

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Saturday, March 17, 2007,11:20 [IST]

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Saturday, March 17, 2007,11:20 [IST]

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Silver, gold fall on weak global advice

Saturday, March 17, 2007,11:20 [IST]

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