Reliance Industries (RIL) and BP Plc which last month began production from the R-Cluster, an ultra-deep-water gas field in the KG D6 block, off the east coast of India, saw its revenue from the oil and gas segment grow in the third quarter of this fiscal.
The R-cluster is currently producing 4.5 million metric standard cubic metres per day (mmscmd).
“Segment Revenues for 3Q FY21 increased by 21.4% quarter on quarter to ₹431 crore primarily due to higher commodity price realization and incremental production from R-Cluster,” RIL said in its earnings statement on Friday.
