Reliance, BP To Invest Rs 40,000 Crore More In Offshore Gasfield

New Delhi: BP and India's Reliance Industries Ltd will invest a further Rs 40,000 crore ($6.2 billion) in their jointly owned KG D6 gas block off India's eastern coast, the heads of the two companies said on Thursday. BP Chief Executive Bob Dudley, appearing alongside Reliance Chairman Mukesh Ambani at a news event in New Delhi, said the new investment is expected to produce 30-35 million cubic metres of gas a day, phased over 2020 ...