Reliance Industries Ltd.

British energy giant BP plc and its partner Reliance Industries will invest $5 billion in bringing to production three sets of natural gas fields in the Krishna Godavari basin block in the Bay of Bengal by 2022. The three projects will help reverse the falling gas output from what was once the biggest gas-producing block in the country.

The three projects will develop a total of about 3 Tcf of discovered gas resources. R-Cluster will be first to come on stream, delivering gas in the second half of 2020-21 fiscal. The second set is called the Satellite Cluster. MJ is the third of these fields.

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.