Reliance, BP to develop third gas project in India
Mumbai: Reliance Industries Limited (RIL) and its exploration and production partner BP Plc on Tuesday announced the sanction of the MJ project (also known as D55) in Block KG-D6, a deep water gas field off the east coast of India.
MJ is the third of three new projects in the Block KG-D6 integrated development plan and its approval follows sanctions for the development of ‘R-Series’ deep-water gas field in June 2017 and for the Satellites cluster in April 2018.
“Together the three projects are expected to develop a total of about 3 trillion cubic feet (tcf) of discovered gas resources with a total investment of circa ₹35,000 crore ($5 billion). These projects together, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas onstream, phased over 2020-2022,” RIL said in a press statement on Tuesday.
