RIL, BP to go ahead with 3rd phase of KG-D6 block
Reliance Industries Ltd (RIL) and BP on Tuesday announced the sanction for the MJ project (also known as D55) in Block KG D6 on the east coast.
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 an ‘R-Series’ deep-water gas field in June 2017 and for the satellites cluster in April 2018, RIL said in media statement.
₹35,000-cr investment
Together, the three projects are expected to develop about 3 trillion cubic feet of discovered gas resources with a total investment of ₹35,000 crore. These projects, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas onstream, phased over 2020-22, the statement added.
