Team Blitz India
NEW DELHI: Reliance Industries Ltd (RIL) has got Government approval for making additional investments in developing gas reserves in its KG-D6 block in the Bay of Bengal that can add 4 to 5 million standard cubic meters per day to the production, a company official said.
Reliance and its partner bp Plc currently produce around 30 mmscmd or about 30 per cent of India’s gas production, from the KG-D6 block.
At an investors’ call announcing the fourth quarter earnings, Sanjay Roy, senior vice-president for exploration and production at Reliance Industries Ltd, said the development plan for incremental production has been approved by the government.
One good aspect of this quarter gone by was that we had an incremental development plan approved by the government, which has the potential to deliver incremental production of 4 to 5 million standard cubic meters (per day) in the coming few years, which would augment the production that we have,” he said.
