Reliance wins govt approval for investment to raise KG-D6 block’s output

Reliance Industries Ltd has got government approval for making additional investments in developing gas reserves in its KG-D6 block in the Bay of Bengal that can add 4 to 5 million standard cubic meters per day to the production, a company official said.

Reliance and its partner bp Plc currently produce around 30 mmscmd or about 30 per cent of India’s gas production, from the KG-D6 block.

At an investors’ call announcing the fourth quarter earnings, Sanjay Roy, senior vice-president for exploration and production at Reliance Industries Ltd, said the development plan for incremental production has been approved by the government.