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Reliance Industries slashes investment on KG-D6 block

09 Oct 2012 Evaluate

Reliance Industries  (RIL), the country’s largest corporate has reduced investment on the sagging gas fields in KG-D6 block by almost $3 billion to $5.92 billion due to an unexpected decline in reserves. The gas output from the D6 block is expected to decline to 20 million standard cubic metres a day (mscmd) in 2014/15, less than half the 60 mscmd it produced in 2010 and well below planned peak capacity of 80 mscmd.

In August, the company had submitted a revised field development plan (FDP) for the Dhirubhai-1 and 3 (D1&D3), the only producing gas fields among a total of 18 gas discoveries made so far in the KG-D6 block in Bay of Bengal. But in the earlier FDP in 2006, it had proposed an investment of $8.836 billion in two-phases on the fields, while the revised FDP has outlined a further investment of only $235 million over and above $5.693 billion that has already been spent.

Reliance Industries Share Price

1371.20 6.10 (0.45%)
20-Apr-2026 12:06 View Price Chart
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Company Name CMP
Reliance Industries 1371.20
Indian Oil Corp. 146.00
BPCL 312.90
HPCL 375.95
MRPL 180.20
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