Reliance Industries is planning to start natural gas production from MJ field - the third and the last set of discoveries that the firm is developing in the eastern offshore KG-D6 block - in the last quarter of 2022 to raise overall output by about two-thirds. It has completed its first offshore installation campaign and a second one would commence in November this year.
The company and its partner BP plc of the UK plan to use a floating production system at high-sea in the Bay of Bengal to bring to production the deepest gas discovery in the KG-D6 block.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
Company Name | CMP |
---|---|
Reliance Industries | 2905.25 |
Indian Oil Corp. | 169.75 |
BPCL | 593.35 |
HPCL | 485.80 |
MRPL | 251.30 |
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