Reliance Industries Ltd.

Reliance Industries (RIL) along with joint venture partner BP Plc will submit a fully integrated development plan for the D6 block in the next few weeks to the Government. The plan if executed well is expected to maximize use of the entire existing infrastructure to produce balance of the discoveries from the block.

Reliance has been in a tight spot for its falling output from the producing gas fields -D6- in the block, as this is forcing the country to resort to increased imports of expensive liquefied natural gas (LNG) to meet demands of its expanding economy. Gas output, currently around 37-38 million standard cubic meters a day (mscmd), may average 27.60 mscmd in the fiscal year starting April, about 66% lower than initially estimated.

BP acquired stake in 23 oil and gas blocks in India, some in the KG block, from Reliance Industries in a $7.2 billion deal last year. The two companies aim to boost production to a sustainable level from both the existing fields and the next wave of developments -- D6 satellites & R Series and the NEC-25.