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
