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Reliance to invest $3.18 bn in KG block gas field

Reliance to invest $3.18 bn in KG block gas field

Reliance Industries, the operator of Krishna Godavari-D6 (KG-D6) block with 60 per cent interest, plans to invest $3.18 billion in R-Series gas field in the KG-D6 block as it looks to reverse the decline in output by quickly bringing in new fields on production. The company estimates that output from KG-D6 can reach up to 60 mmscmd by 2019 when all of the satellite fields are put into production.