Reliance Industries cuts D6 gas reserves to 3.4 tcf - govt

INDIA-RELIANCE-INDUSTRIES-KGD6-OUTPUT:Reliance Industries cuts D6 gas reserves to 3.4 tcf - govt

November 01, 2012 / 19:56 IST

NEW DELHI (Reuters) - Reliance Industries Ltd has cut the gas reserves in its D6 block, off India's east coast, to 3.4 trillion cubic feet (tcf) from the 10.3 tcf estimated in December 2006, an oil ministry statement said on Thursday.
BP Plc is a co-operator with 30 percent stake while Canada's Niko Resources owns a 10 percent share in the block.
Niko Resources estimates that total proved plus probable reserves at the block had decreased to 1.93 trillion cubic feet as of March 31.
(Reporting by Nidhi Verma; Editing by Anthony Barker)

first published: Nov 1, 2012 07:56 pm

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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347