Reliance Industries said the company and its partner BP Plc plan to jointly invest more than USD 5 billion over the next three to five years to boost output at a key natural gas field off India's east coast.
The D6 block in Krishna Godavari basin is jointly operated by the two energy companies and was expected to contribute up to a quarter of the gas supply for Asia's third-largest economy, but output from the block has been declining.
The two companies are planning to invest in a series of projects to develop around 4 trillion cubic feet of discovered natural gas resources from the block, Reliance said in a statement on Tuesday.
RIL says not obliged to provide past year documents to CAG
For more Information Plz log on to www.rpshares.com
The D6 block in Krishna Godavari basin is jointly operated by the two energy companies and was expected to contribute up to a quarter of the gas supply for Asia's third-largest economy, but output from the block has been declining.
The two companies are planning to invest in a series of projects to develop around 4 trillion cubic feet of discovered natural gas resources from the block, Reliance said in a statement on Tuesday.
RIL says not obliged to provide past year documents to CAG
For more Information Plz log on to www.rpshares.com
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