Reliance to start gas production from MJ deep-water project in 1Q FY24
Reliance Industries Ltd, India’s largest company by market value, will commence natural gas production from its deepest discovery in the KG-D6 block this quarter, meeting 15 per cent of India’s gas demand.
KG-D6 off the Andhra coast is India’s only deepwater block under production.
The block averaged 20 million standard cubic meters per day of production in the January-March quarter, the company said in an investor presentation post-presentation of the March quarter earnings.
Reliance and its partner, UK supermajor BP are now nearing the start of production from their giant MJ deep-water project, which will significantly boost gas output from the prized east coast asset.
