Welspun Enterprises (WEL) joint venture (JV) - Adani Welspun Exploration (AWEL), in which WEL holds 35% stake, has been awarded the contract area B-9 Cluster by the Government of India in the recently concluded bidding of the Discovered Small Field Bids Round (DSF 2016).
The area of the Cluster is 183 square kilometres and comprises of three offshore fields, B-9, B-7 and BRC, located in the Mumbai Offshore basin. The block is in close proximity to AWEL’s prospective exploratory block and ONGC’s B-12 area, which is under advanced stage of development.
Welspun Enterprises, formerly Welspun Projects, part of the Welspun Group, is an operating company in the infrastructure business. The company also has investments in Oil & Gas Exploration.