RIL-BP to invest $1.5 billion

FPJ BureauUpdated: Thursday, May 30, 2019, 02:51 AM IST
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New Delhi : Reliance Industries and its partner BP Plc of the UK will invest about $1.5 billion to bring to production six satellite gas discoveries in the flagging KG-D6 block by 2022. RIL-BP combine Tuesday submitted to the Directorate General of Hydrocarbons (DGH) a field development plan for what are known as satellite and other satellite fields, sources with direct knowledge of development said. They plan to develop four deep sea satellite gas finds, named D-2, 6, 19 and 22, together with two other nearby finds, D-29 and D30, in the Krishna Godavari basin block.

 In all, 5-6 gas producing wells will be drilled and tied to production facilities, they said adding peak output may be in the range of 10 to 12 million standard cubic meters per day. The four satellites and the two other satellite finds are the ones on which RIL and BP had announced investing Rs 40,000 crore.

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