GREY:NKRSF - Post by User
Post by
bendmeoveron Jan 29, 2014 9:20am
210 Views
Post# 22146511
more good news
more good news New Delhi: Reliance Industries and its partner BP Plc on Thursday won approval to invest $3.18 billion in R-Series gas field in the flagging KG-D6 block.
RIL-BP plan to quickly bring satellite fields in the KG-D6 block to production to help reverse the decline in output.
The block oversight committee, called Management Committee (MC), headed by upstream regulator DGH, approved plans of RIL and its partners BP plc of UK and Niko Resources to produce 13-15 million standard cubic meters per day of gas for 13 years from D-34 discovery in the KG-DWN-98/3 or KG-D6 block, people familiar with the matter said.