Kg D6 Block

Reliance Industries-BP announce sanctioning of second project to develop satellite gas fields in KG-D6 block

Reliance Industries and its partner BP plc on Thursday announced sanctioning of a second project to develop satellite gas fields in the KG-D6 block

Reliance Industries, BP to invest $1.5 bn to develop satellite gas fields in KG-D6 block by 2022

The government had in 2012 approved a $1.529 billion plan to produce 10.36 million standard cubic meters per day of gas from four satellite fields of block KG-DWN-98/3 (KG—D6) by 2016-17.

Reliance Industries, BP withdraw international arbitration over gas price against govt

RIL and BP had in May 2014 filed an international arbitration after the Election Commission forced deferment of implementation of a new pricing formula the previous UPA government had approved for pricing of RIL-BP's eastern offshore KG-D6 and other gas.

RIL's fresh KGD6 investment plan will have to deal with challenging gas biz, regulatory control: Moody's

RIL-BP estimate that the fields have 3 trillion cubic feet of discovered gas resources, which could be monetised with these investments

Reliance Industries, BP to invest $6 bn to develop new gas fields in Krishna Godavari basin

The two firms have also agreed on a strategic cooperation on new opportunities for conventional and unconventional fuel trading and marketing including jointly setting up petrol pumps.

Reliance Industries faults Shah panel engagement on gas dispute

The letter said Reliance Industries does not accept the premise that the government can appoint a committee, or can deal with any issues on the dispute by constituting a panel

RIL shares surge on gas find: What brokerages are saying

Investors are taking heart from the fact that the company may finally be able to arrest the sharp decline in gas out put from the block, which has been a worry.

RIL welcomes gas price notification as step in right direction

RIL will get the benefit of the new price for gas from its existing fields like MA in the KG-DWN-98/3 or KG-D6 block and new/upcoming ones like R-Series and satellite in the KG Basin block and the ones in North East Coast block NEC-25.

Govt imposes $792 million additional penalty on RIL

With this, a total of $1.797 billion penalty in form of cost being disallowed, has been levied on RIL for producing less than targeted output during the past three years.

RIL-BP get nod to invest $3.18 bn in R-Series gas field

Reliance Industries and its partner BP Plc today won approval to invest $3.18 billion in the R-Series gas field in the flagging KG-D6 block.