Upstream regulator: RIL D6 gas output at 50 Mmscmd
Reliance Industries' current gas output from the D6 block in Krishna-Godavari basin is 50 Mmscmd, SK Srivastava, head of the Directorate General of Hydrocarbons, said on Thursday.
April 21, 2011 / 19:36 IST
Reliance Industries' current gas output from the D6 block in Krishna-Godavari basin is 50 Mmscmd, SK Srivastava, head of the Directorate General of Hydrocarbons, said on Thursday.
Last month, Reliance warned the upstream regulator that gas output from key fields in its main producing block may drop further next year.The block was pumping 53 Mmscmd according to the regulator last month -- less than 60 Mmscmd it produced last year. Reliance agreed to sell BP stakes in 23 blocks in a USD 7.2 billion deal in February and could use the multinational's technology to help output in D6.The concerns over Reliance's gas production have for months dampened growth outlook for the Indian energy giant and kept its shares under pressure. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
