Reliance Industries Ltd.
BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1242.35
-12.65 (-1.01%) RIL to invest $5.9 bn in 9 discoveries in KG-D6 block: DGH
Date: 06-04-2009Reliance Industries has proposed to invest $5.91 billion (about Rs 29,800 crore) in developing nine more discoveries in its prolific eastern offshore KG-D6 block, according to oil regulator DGH.
The development covering 9 satellite discoveries was submitted in July 2008. The discoveries are proposed to be tied-up with Dhirubhai -1 and -3 finds, which has began gas production
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RIL has submitted development plan for Dhirubhai 2, 4, 6, 7, 8, 16, 19, 22 and 23 discoveries. Five other discoveries are under appraisal phase, which is typically of about three years duration. Dhirubhai 1 and 3 are estimated to hold 10.03 Tcf of reserves and the whole of KG-D6 block about 40 Tcf.
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