RIL To Begin Gas Production From D6 By Nov-End
The Mukesh Ambani-run Reliance Industries would start gas production from D6 block by the end of November. The company is also expected to start oil production from this segment of Krishna Godavari basin.
It was disclosed by the chief directorate general of Hydrocarbon Mr. V K Sibal. He said that the company would produce 15,000 barrels of oil per day. It would decrease India’s dependence on oil import.
Reliance industries hold about 90 percent stake in D6, the remainder being owned by Niko Resources, a Canadian company. About 18 gas and petroleum fields have been discovered so far in D6. Reliance is delaying the gas production for the timebeing.
The shares of the company witnessed a decline of 2.56% and traded at Rs 1,879 on BSE.