KG D6 BLOCK
Reliance Industries cuts base price for new gas from KG-D6 after customer protests
Sources said Reliance initially set a floor or minimum quote of 9 per cent of dated Brent price -- which meant that bidders had to quote 9 or a higher percentage for seeking gas supplies. At USD 60 per barrel price, the gas price came to USD 5.4 per million British thermal unit (mmBtu). But consumers saw this as a very high price.
Reliance Industries says on track to produce gas from newer fields by mid-2020
Reliance has so far made 19 gas discoveries in the KG-D6 block...
Reliance, BP take over Niko's 10% stake in KG-D6 block
Reliance and BP split Niko's share in proportion to their existing shareholding in the...
Reliance commits to pay for any gas supply shortfall
It provides for the buyer procuring the replacement quantity on a competitive price and provides the sellers detailed documentary evidence of all costs.
Reliance Industries and BP scouts for natural gas buyers
CRISIL Risk and Infrastructure Solutions Ltd will manage the bidding process and evaluate the bids, which must be submitted electronically on October 10.
Reliance seeks $5.4 minimum price for new gas from KG-D6
Reliance and its partner BP Plc of the UK have sought bids from potential users for the 5 million standard cubic metres per day of natural gas they plan to produce.
RIL, BP can sell natural gas from KG Basin to its affiliates: Bob Dudley
BP group chief executive Bob Dudley had said that it won’t violate the terms of production sharing contract with govt.
Reliance says its main gas fields in KG-D6 block in late life stage
The company, beginning mid-2020, will bring to production three sets of new discoveries in the block.
Reliance, BP sanction third phase of KG-D6 block
Together the three projects are expected to develop a total of about 3 tcf of discovered gas resources.
Reliance, BP to develop deepest gas find in KG-D6 block by 2022
MJ, or D55, development is the third project that the partners have taken up to revive flagging natural gas production from KG-D6 block.
BP, Reliance investing $5 billion in KG-D6 to produce 1 bcf of gas
According to Looney, India is expected to overtake China as the largest growth market for energy in the mid-2020s
Government stops issuing Reliance-BP penalty notices for KG-D6 gas output shortfall
The government had between 2012 and 2016 disallowed Reliance from recovering the cost of USD 3.02 billion for KG-D6 output lagging targets, but no notice was issued after that even though production has plummeted to a fraction of the projections.
Reliance again puts off gas bid to Nov 15 on bidders request
Reliance and its partner BP plc of UK are in the market to sell the gas they plan to produce from three set of newer discoveries in the KG-D6 block. The partners are not just seeking volume bids but also price quotes and those offering the best price would walk away with the gas. Bidders have been asked to quote a price, supply period and the volume of gas required.
RIL to start gas production from R-Cluster in 2nd half of FY21
Reliance and its partner BP Plc of UK had in June 2017 announced an investment of Rs 40,000 crore in the three sets of discoveries to reverse the flagging production in KG-D6 block.
Reliance, BP joint venture to invest Rs 35,000 crore in KG basin
Ambani said the natural gas business will soon regain its pride of place in Reliance's value-creation strategy.
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