BP Enters as Reliance Output Again Plunges

摘要

BP confirmation that it is eyeing joint investment with Reliance Industries in LNG receiving capacity in India follows a drop last month in gas output from Reliance's showpiece KG-D6 Block below 45 million cubic meters (1.6 billion cubic feet) per day for the first time in nearly two years. Reliance is hoping that BP, which just bought 30% interests in KG-D6 and 20 other exploration blocks from Reliance for $7.2 billion, will provide the technical expertise needed to get its Krishna Godavari operations back on track.