Country head of BP said he was confident of increasing gas production from KG D6 in about 2 Years. BP took 30% stake in RIL's 21 oil and gas blocks.
In July, India's cabinet had approved Reliance's plan to sell 30 percent stake in 21 oil and gas blocks to BP as part of a $7.2 billion deal , making it one of the largest investments in India's oil and gas sector.In May, the director general of hydrocarbons said the company was producing 48 mscmd (million standard cubic metres per day of gas) from the block, lower than 60 mscmd it produced last year and far off the planned peak capacity of 80 mscmd.
In July, India's cabinet had approved Reliance's plan to sell 30 percent stake in 21 oil and gas blocks to BP as part of a $7.2 billion deal , making it one of the largest investments in India's oil and gas sector.In May, the director general of hydrocarbons said the company was producing 48 mscmd (million standard cubic metres per day of gas) from the block, lower than 60 mscmd it produced last year and far off the planned peak capacity of 80 mscmd.
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