RIL appoints advisor for KG Basin project
A Business Correspondent
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.
[September 1-7, 2008]