MoneyWorks4Me

Reliance Industries to start natural gas production from MJ field

26 Jul 2021 Evaluate

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.

Peers
Company Name CMP
Reliance Industries 1275.00
Indian Oil Corpn. 135.30
Bharat PetroleumCorp 303.00
HPCL 354.00
MRPL 181.35
View more..