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OIL & GAS
 
Vol. IX Issue. 7
RIL, BP cut investment in MA oilfield to $1.96 bn

31 July 2012

July 26, 2012. Reliance Industries and its British partner BP plc have revised downwards the investment required for developing the MA oilfield in the predominantly gas-rich KG-D6 block by $ 276 million to $ 1.96 billion. RIL had in 2006 proposed to invest $ 2.234 billion in developing the Dhirubhai-26 or MA discovery, the only oil find in the KG-D6 block in Krishna Godavari basin off the east coast.

      
 
 
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