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Reliance Industries Ltd.
BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1390.15
44.15 (3.28%) RIL-BP to invest $1.5 billion in KG Basin to develop gas fields
Date: 18-10-2017Reliance Industries (RIL) and its partner BP Plc of the UK will invest about $1.5 billion to bring to production six satellite gas discoveries in the flagging KG-D6 block by 2022. RIL-BP combine submitted to the Directorate General of Hydrocarbons (DGH) a field development plan for what are known as satellite and other satellite fields.
They plan to develop four deep-sea satellite gas finds, named D-2, 6, 19 and 22, together with two other nearby finds, D-29 and D30, in the Krishna Godavari basin block.
Reliance Industries (RIL) 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.