BP, British oil and gas firm, and Mukesh Ambani-led Reliance Industries (RIL) are collectively spending $5 billion to execute three gas development projects in the Krishna-Godavari (KG) basin, said Bernard Looney, BP’s chief executive (upstream), on Tuesday.
“Strong relationship between BP and reliance is another great example of what can be achieved by working together at scale. Together we are spending up to $5 billion to execute three gas development projects in the KG-D6 block and together we are expected to bring about one billion cubic feet per day of new domestic gas on stream by 2022,” said Looney.
RIL and BP had last month announced the sanction of the MJ project, also known as D55, in Block KG D6. MJ would be the third of three new projects in the Block KG-D6 Integrated Development Plan. Read More
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