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Investment plan of RIL receives approval

Saturday, 20 Jul 2013

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Directorate General of Hydrocarbons (DGH), headed Management Committee (MC), has approved an investment plan of Reliance Industries (RIL), worth $1.53 billion (approx Rs 9,147.87 crore) in KG-D6 block.

The investment plan of the company for developing four satellite gas findings will also add another 10 million standard cu mtr per day in the next three years.

Meanwhile, DGH has projected RIL's KG-D6 gas production as being 19 million standard cu mtr per day for 2013-14; 17.4 million standard cu mtr per day for 2014-15; 15 million standard cu mtr per day for 2015-16; and nearly 20 million standard cu mtr per day for 2016-17.

Earlier this month, the DGH rejected Reliance Industries' proposal for Integrated Field Development plan of developing gas discoveries in block North East Coast (NEC)-25, off the Orissa coast.