BP, Reliance Partner to Develop Deepwater Gas Fields in India
June 15 2017 - 9:21AM
Dow Jones News
By Razak Musah Baba
LONDON--Oil explorer BP PLC (BP.LN) and Reliance Industries Ltd.
(RIL) have partnered to develop deepwater gas fields in India.
The companies said Thursday they have agreed to deepen and
expand their partnership to work jointly across a wide range of
areas throughout India's energy sector.
Under the agreement, the two companies will jointly explore
options to develop differentiated fuels, mobility and advanced low
carbon energy businesses in India, as India transitions to a
low-carbon world. BP and Reliance said they will award contracts to
progress development of the R-Series, dry gas development, deep
water gas fields in Block KGD6 off the east coast of India.
The project is expected to produce up to 12 million cubic meters
(425 million cubic feet) of gas a day, coming on stream in
2020.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
June 15, 2017 09:06 ET (13:06 GMT)
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