KG-D6 output hinges on RIL's new mkt-linked price formula

RIL had also on February 21 submitted a proposal seeking a price of equivalent to 12.67% of price of Japan Customs-Cleared Crude (JCC) oil.

CNBC-TV18 sources have also learnt about RIL telling the oil ministry has it can produce additional 35 mmscmd outside of DID3 via the KG-D6 integrated plan. RIL and its partners BP and Niko Resources plan to spend USD 4 billion (Rs 22,000 crore) to develop satellite gas fields off India's east coast, a newspaper reported on Friday, citing company officials and government sources.

RIL holds 60% of the D6 block, BP has 30% and the rest is held by Canadian oil and gas producer Niko.
 
RIL has also said that it needs clarity on gas pricing to tie up funds.

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