Reliance Industries Ltd has chosen AGR Group, a Norwegian oil technology and services provider, for three-year advisory services in its gas and oil field in the KG basin. The contract with the AGR Group is worth about Rs 178 crore and the group will provide services for the D-1and D-2 gas fields and the D-26 block.
RIL is developing the world's largest gas field in the KG basin, with estimated reserves of 11.5 trillion cubic ft. RIL initially plans to produce about 40 mmscmd and raise it to a peak output of 80 mmscmd within five to six months after the production begins. More than 90 per cent of the field development works and those of the pipeline have been completed.