New Delhi: The Cauvery asset of Reliance Industries Ltd may require an international partner.

Sources said international oil companies including Chevron have shown some interest, and Reliance is said to be favourably entertaining these prospects.

According to the sources, RIL would most probably prefer a partner who can offer technical expertise along with the capacity to share financial risks, and provide some specialised manpower.

As per industry experts, if RIL brings in an international partner after hitting some measure of success in the blocks, the partner would enter the arrangement at a premium.

The company has been successful in completing drilling activities and striking hydrocarbon reserves on the East Coast, including the Krishna Godavari and Cauvery basins.

While the Cauvery block is ultra deepwater, there are some areas in Krishna Godavari which also fall into the category.

RIL already has an understanding with Chevron for possible collaboration in exploration and production. Roping in an international partner is not something new for the exploration companies.

State-owned ONGC has also entered into tie-ups with Petrobras, Norsk Hydro, and ENI, respectively, for their expertise.