Reliance, BP to develop deepest gas discovery in KG-D6 block by 2022
These projects together, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas onstream.
![InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL. InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.](https://s3.ap-southeast-1.amazonaws.com/images.asianage.com/images/aa-Cover-u0b349upqugfio195s4lpk8144-20190315160107.Medi.jpeg)
Reliance Industries Limited was the most profitable company in the country with a net profit of more than double that of IOC in FY2019.
New Delhi: Reliance Industries and its partner BP plc of UK on Tuesday announced sanction for development of their deepest gas discovery in the eastern offshore KG-D6 block.
MJ, or D55, development is the third project that the partners have taken up to revive flagging natural gas production from KG-D6 block.
"Together the three projects are expected to develop a total of about 3 trillion cubic feet (tcf) of discovered gas resources with a total investment of circa Rs 35,000 crore (USD 5 billion)," the companies said in a statement.
These projects together, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas onstream, phased over 2020-2022, they added.
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