Reliance Industries and its partner BP Plc of UK Tuesday announced investment sanction for development of their deepest natural gas discovery in the flagging KG-D6 block by 2022.
Reliance-BP will develop the MJ, or D-55, gas find in sync with the previously approved projects to the develop two sets of discoveries in the block that will together add 30-35 million standard cubic metres per day of natural gas production in phases.
MJ gas find, located about 2,000 metres directly below the currently producing Dhirubhai-1 and 3 (D1 and D3) fields in the KG-D6 block, is estimated to hold a minimum of 0.988 Trillion cubic feet (Tcf) of contingent resource.
