After being wiped off from the global hydrocarbon exploration and production (E&P) map, Reliance Industries (RIL) makes a second try, splurging Rs 40,000 crore along with British giant BP Plc to recapture its lost position in the business. They plan to produce 30-35 million cubic metres (1 billion cubic feet) of gas a day from KGD6 block, which consists of the R-******, Satellites and D55, starting from 2022. It is expected to substitute $20 billion ...
06-17-2017, 05:42 AM
Is the $6-billion bet of Reliance-BP in right direction?
After being wiped off from the global hydrocarbon exploration and production (E&P) map, Reliance Industries (RIL) makes a second try, splurging Rs 40,000 crore along with British giant BP Plc to recapture its lost position in the business. They plan to produce 30-35 million cubic metres (1 billion cubic feet) of gas a day from KGD6 block, which consists of the R-******, Satellites and D55, starting from 2022. It is expected to substitute $20 billion ...
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