Characterization of deep-water reservoirs poses enormous challenges to interpreters because of its inherent complexity. Therefore, defining reservoirs' extent and predicting their properties in absence of drilled well or away from drilled wells has always been difficult. In deeper targets, the sensitivity of seismic amplitude to fluid change gets considerably reduced, therefore detection of fluid and their contact remains challenging. In such a case, the application of extended elastic impedance can be helpful in the delineation of prospective reservoirs and detection of fluid contact. This is demonstrated with a case study of a Miocene slope fan prospect in the deepwater Mahanadi basin on the east coast of India. The prospect is typical Class-I in terms of amplitude variation with offset where the presence of fluid is hard to identify in conventional full-stack data. An appropriate extended elastic impedance attribute for fluid has been generated and interpreted to define the reservoir boundary and detect fluid contact. The amplitude of the fluid attribute map is corrected for tuning effect as there are variations in reservoir thickness across the area. Additionally, in order to detect fluid contact, a common contour binning technique has been applied which helps to locate the depth contour where possible fluid contact could be present. The case study has added significant values in de-risking a Class-I prospect without any anomalous amplitude increase with offset.