The natural gas production from Reliance Industries Ltd’s (RIL) East Coast Block will reduce the country’s oil import bill on an annualised basis by $9 billion during peak production at current prices. This is approximately 0.9 per cent of
The project is estimated to generate revenue of $42 billion over the life of the fields (11 years) at the current gas price ($4.2/mBtu). The Government’s share is likely to be $14 billion (in form of profit petroleum and royalty). During the financial year 2009-10, the project will generate estimated revenue of $2 billion.
With the peak production of 80 million standard cubic metre a day (mscmd), the D6 Block in
Reliance has a 90 per cent interest in the block, while
| Company Name | CMP |
|---|---|
| Reliance Industries | 1448.00 |
| Indian Oil Corp. | 144.00 |
| BPCL | 305.20 |
| HPCL | 380.40 |
| MRPL | 153.00 |
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