GREY:NKRSF - Post by User
Post by
Manthebullon Feb 02, 2018 8:37pm
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Post# 27494732
It seems like Reliance is in a bigger pickle lol
It seems like Reliance is in a bigger pickle lol RIL is the operator of the block with 60 per cent interest while 30 per cent is with BP plc of UK.
The partners have first right of refusal over the stake. It remains to be seen if RIL will buy the stake.
Even if it doesn't buy the stake, it will have to play a role in case debt-ridden Niko defaults in paying up its share of development cost of satellite and other discoveries in KG-D6 block, industry sources said.