Reliance Industries Ltd.

Mukhesh Ambani led Reliance Industries’ (RIL), gas output from its eastern offshore - D6 block in Krishna-Godavari basin (KG-D6) has further dropped to 38-39 million metric standard cubic meters per day (mmscmd). The upstream oil and gas regulator - Directorate General of Hydrocarbons, had notified that in November, RIL was producing 42 mmscmd from the block in eastern offshore.

Reliance holds 60 percent interest in KG-D6, while UK's BP Plc holds 30 per cent and Niko Resources of Canada holds the remaining 10 percent. Reliance started natural gas production from the KG-D6 fields in April 1, 2009, with output of about 40 mmscmd. The MA oilfield currently produces about 12,715 barrels of crude oil per day. In addition, 1,831 barrels of condensate are produced from the field every day.

Recently, RIL was holding back the development of its coal-bed methane blocks in Madhya Pradesh. The company had put the development on hold because it wants the government to first decide on the pricing of the gas produced there.